Calzedonia Leases Retail Space At 97 5th Avenue In Flatiron
97 5th Avenue, Flatiron District, New York, NY, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Oct 14, 2021
About this deal
AI
Located at 97 5th Avenue in the Flatiron market, this retail property has recently been leased. The deal was finalized on October 15, 2021. The property spans 2,500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 10/15/2021
- Address: 97 5th Avenue
- Market: Flatiron
- Asking Rent: $350/ft.
The landlord for this lease is ATA Enterprises, represented by Robert Kalimian. The well-known tenant who secured the lease is Calzedonia. The brokers involved in the deal were Carolina Aziz, David Green, and Ike Bibi from KSR.
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