Real Life Ninja Academy Leases Warehouse In New York With 5814 Sq Ft
625 W 55th St, New York, NY, 10019
Building Size
5,814 SF
Asset Type
Warehouse
Closing
Jun 8, 2020
About this deal
AI
The warehouse located at 625 W 55th St, New York, NY, 10019, in the New York market, has been leased. The property spans 5,814 square feet and will be occupied by Real Life Ninja Academy. The landlord of this property is Nationwide Management Corp.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not Applicable
- Tenant: Real Life Ninja Academy
- Tenant's Rep: Malorie Currier (Page1Properties)
- Landlord: Nationwide Management Corp.
- Square Feet: 5814
Malorie Currier from Page1Properties represented Real Life Ninja Academy in securing the lease for the warehouse space. Nationwide Management Corp. acted as the landlord in this transaction.
Players
New York Warehouse Market Snapshot
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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