GRK Fresh Greek Leases 2800 Square Feet At 53 E 8th St New York From Empire State Realty Trust
53 E 8th St, New York, NY, 10003
Building Size
2,800 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 53 E 8th St, New York, NY, 10003. It encompasses a total area of 2,800 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 53 E 8th St, New York, NY, 10003
- Market: New York
- Tenant: GRK Fresh Greek
- Landlord: Empire State Realty Trust
- Tenant's Representative: Leo Likas, CRRP (Blackwell Intl. CRE)
This lease transaction represents the collaboration between GRK Fresh Greek and Empire State Realty Trust, facilitated by tenant's representative Leo Likas from Blackwell International Commercial Real Estate, indicating the involvement of professional brokers in the leasing process.
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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