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:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 7,748
- Address: 90 5th Ave, New York, NY, 10011
- Market: New York
- Landlord: RFR Realty
- Tenant: Republic Bank
- Landlord's Representatives: Jordan S. Claffey-RFR Retail, Daniel Richman-SRS Real Estate Partners, Jansen Hafen, Jay Gilbert
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
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