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611 6th Avenue

Updated May 12, 2025

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Five Iron Golf Signs Lease For 12,246 Square Feet At 611 6th Avenue Flatiron District
LEASEDRetail

Five Iron Golf Signs Lease For 12,246 Square Feet At 611 6th Avenue Flatiron District

611 6th Avenue

Building Size

12,246 SF

Asset Type

Retail

Closing

Apr 24, 2025

About this deal

AI

The retail asset located at 611 6th Avenue in the Flatiron District encompasses a total area of 12,246 square feet. The transaction involves the leasing of this space to the tenant, Five Iron Golf, which is relocating to a larger flagship location set to open in 2026.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 611 6th Avenue
  • Market: Flatiron District
  • Landlord: Larry Goddard - The Parkland Group
  • Tenant: Five Iron Golf

Key individuals in this transaction include Larry Goddard, representing The Parkland Group as the landlord, and Five Iron Golf as the tenant, showcasing their strategic expansion within the market.

Players

Five Iron Golf
Five Iron GolfTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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