LEASEDRetail
Pollo Campero Leases Retail Space In Midtown Manhattan On 6th Avenue
966 6th Avenue, New York City, New York 10018, United States
Building Size
3,600 SF
Asset Type
Retail
Closing
Dec 19, 2021
AI
Located in Midtown, the retail property at 966 6th Avenue recently closed a lease transaction. The property spans 3,600 square feet and was leased to Pollo Campero.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 12/20/2021
- Address: 966 6th Avenue
- Market: Midtown
- Asking Rent: $300/ft.
Vince Sweeney, representing Meridian Retail Leasing, acted as the tenant's representative in the deal. The landlord was represented by Craig Slosberg from Newmark.
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