Ilaria Resta Of Audemars Piguet Leases Retail Space At 785 5th Avenue In New York City
785 5th Avenue
Building Size
12,000 SF
Asset Type
Retail
Closing
Mar 14, 2025
AI
The property asset involved in the transaction is a retail space located at 785 5th Avenue in New York City. The lease agreement was finalized on March 14, 2025, encompassing a total area of 12,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 785 5th Avenue
- Market: New York City
- Tenant: Ilaria Resta - Audemars Piguet
- Brokers: Jonathan Schley - CBRE, Christopher (Chris) DeCrosta
The key individuals involved in the lease include Ilaria Resta, representing Audemars Piguet, and brokers Jonathan Schley of CBRE and Christopher (Chris) DeCrosta. The transaction highlights the professional roles of these individuals in finalizing the deal for the retail space.
Players
Brooklyn 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