Sophie's Cuban Leases Retail Space In Flatiron District From Landlord's Rep James Famularo
664 6th Avenue, Manhattan, New York, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 7, 2021
About this deal
AI
Located at 664 Sixth Ave in the Flatiron District, this retail property was recently leased. The asset encompasses 1,500 square feet, and the asking rent was $192 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: Sophie's Cuban 🇨🇺
- Tenant's Representative: Elliott Rackman - Censtar Energy
- Landlord's Representative: James Famularo - Meridian Retail Leasing
- Address: 664 Sixth Ave
- Market: Flatiron District
- Asking Rent: $192 per square foot
Elliott Rackman from Censtar Energy represented Sophie's Cuban in the lease agreement. On the other hand, James Famularo from Meridian Retail Leasing acted as the landlord's representative.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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