New York Blood Center Leases Retail Space At 115 East 41st Street In Murray Hill
115 E 41st St, New York, Ny 10017, Usa
Building Size
2,460 SF
Asset Type
Retail
Closing
Aug 15, 2019
AI
The retail property located at 115 East 41st Street in Murray Hill has been involved in a closed transaction. The property spans a total of 2,460 square feet and features an asking rent of $80 per square foot. The deal includes key players such as the tenant, New York Blood Center, INC, and the landlord, Stahl Real Estate Company, represented by Matthew Lovallo. The tenant was represented by Halstead Manhattan, LLC, while the landlord was represented by Clayton Traynham and James Famularo from Meridian Capital Group.
Summary of transaction details:
- Property Type: Retail
- Address: 115 East 41st Street
- Market: Murray Hill
- Tenant: New York Blood Center, INC
- Landlord: Stahl Real Estate Company – Matthew Lovallo
- Tenant's Representative: Halstead Manhattan, LLC
- Landlord's Representatives: Clayton Traynham and James Famularo
- Asking Rent: $80 per square foot
- Square Footage: 2,460
The involvement of Clayton Traynham and James Famularo from Meridian Capital Group in representing the landlord, Matthew Lovallo from Stahl Real Estate Company, adds further depth to the deal. The tenant, New York Blood Center, INC, was represented by Halstead Manhattan, LLC. With an asking rent of $80 per square foot, this closed transaction showcases the successful negotiation between the tenant and the landlord.
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