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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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