Gorjian RE Group Leases Retail Condo To Miss Bliss Nail & Spa In Garment District
365 West 36th Street, New York, NY, USA
Building Size
900 SF
Asset Type
—
Closing
Jan 17, 2019
About this deal
AI
A retail condo located at 365 W. 36th St. in the Garment District has been leased. The tenant, Miss Bliss Nail & Spa, has signed the lease agreement with the landlord Gorjian RE Group. The retail condo spans approximately 900 square feet and was leased at a price of $133 per square foot.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: Lease
- Date: 01/18/2019
- Address: 365 W. 36th St.
- Market: Garment District
- Tenant: Miss Bliss Nail & Spa
- Landlord: Gorjian RE Group
- Square Footage: 900
- Price Per Square Foot: $133
The leasing transaction was facilitated by brokers Yoni Hadar, Carolina Aziz, and Joseph Greenberg from Kassin Sabbagh Realty.
Players
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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