Hair Lounge Leases Retail Space At 668 6th Ave, New York
668 6th Ave, New York, NY, 10010
Building Size
1,314 SF
Asset Type
Retail
Closing
Apr 6, 2020
AI
The retail property located at 668 6th Ave in New York, NY, 10010, boasts a total of 1314 square feet. The recent lease transaction involving this property was finalized on 04/06/2020. The tenant, Hair Lounge, secured this space with Michael "Mike" Peguero as their representative, while the landlord, Albert Wu, was represented by Maria Fernandez from Avison Young.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Market: New York
The collaboration between Michael "Mike" Peguero and Maria Fernandez from Avison Young played a crucial role in finalizing the lease agreement for the Hair Lounge at the retail property on 6th Ave. The deal marked a significant step for both the tenant and the landlord, Albert Wu, in their respective real estate strategies.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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