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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 456 W 57th St, New York, NY, 10019
- Market: New York
- Tenant: Gotham City Barbershop
- Landlord: Aryeh Realty Corp.
- Tenant's Representative: Marcus Magarian (Oxford Properties Group)
- Landlord's Representative: Jonathan Stern (Empire City Real Estate LLC)
- Rent/SF: 130
- Square Feet: 700
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
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