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456 W 57th St, New York, NY...

Gotham City Barbershop Leases 700 Square Feet At 456 W 57th St New York For $130/SF
LEASED

Gotham City Barbershop Leases 700 Square Feet At 456 W 57th St New York For $130/SF

456 W 57th St, New York, NY, 10019

$130

$130/SF

Building Size

700 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 456 W 57th St, New York, NY, within the New York market. It encompasses 700 square feet and has a rent price of $130 per square foot. The landlord for this lease is Aryeh Realty Corp.

Summary of transaction details:

Key individuals involved in the transaction include Marcus Magarian, representing Gotham City Barbershop, and Jonathan Stern, representing Aryeh Realty Corp. Their involvement highlights the professional relationships guiding this lease agreement, with both parties utilizing their respective agencies to facilitate the deal.

Players

Jonathan Stern

Empire City Real Estate

Broker

1 deal

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93