Shookit Leases Retail Space At 892 Amsterdam Ave, New York With Landlord Solil Management
892 Amsterdam Ave, New York, NY, 1...
Building Size
400 SF
Asset Type
Retail
Closing
Jun 4, 2020
AI
The retail property located at 892 Amsterdam Ave, New York, NY, witnessed a lease transaction on June 4, 2020. The property, spanning 400 square feet, was leased to Shookit. Solil Management acted as the landlord in this deal while the landlord's representative was Maria Fernandez from Avison Young.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Market: New York
- Tenant: Shookit
- Landlord: Solil Management
- Address: 892 Amsterdam Ave, New York, NY
- Landlord's Rep: Maria Fernandez (Avison Young)
The lease transaction at 892 Amsterdam Ave in New York involved Solil Management as the landlord and Shookit as the tenant. The representation of the landlord was handled by Maria Fernandez from Avison Young, ensuring a successful deal for both parties involved.
Players
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