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90 5th Ave, New York, NY, 1...

Republic Bank Leases 7748 Square Feet At 90 5th Ave New York From RFR Realty
LEASEDRetail

Republic Bank Leases 7748 Square Feet At 90 5th Ave New York From RFR Realty

90 5th Ave, New York, NY, 10011

Building Size

7,748 SF

Asset Type

Retail

Closing

May 7, 2019

AI

The property involved in this transaction is located at 90 5th Ave, New York, NY, 10011. It consists of 7,748 square feet and is situated in the New York market. The landlord for this lease is RFR Realty.

Summary of transaction details:

The transaction includes key representatives from the landlord's side, highlighting the collaboration between Jordan S. Claffey from RFR Retail, and Daniel Richman, Jansen Hafen, and Jay Gilbert from SRS Real Estate Partners, who played vital roles in facilitating the deal.

Players

Jay Gilbert

Broker

$55.2M

vol

6 deals

Broker

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