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892 Amsterdam Ave, New York...

Shookit Leases Retail Space At 892 Amsterdam Ave, New York With Landlord Solil Management
LEASEDRetail

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

Maria Fernandez

Avison Young

Broker

5 deals

Broker
Solil Management
Solil ManagementLandlord

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