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165 East 33rd Street

Phoshimi Japanese Fusion Leases Retail Space At 165 East 33rd Street In Murray Hill - Kevin Bisconti Represents Tenant
SOLD

Phoshimi Japanese Fusion Leases Retail Space At 165 East 33rd Street In Murray Hill - Kevin Bisconti Represents Tenant

165 East 33rd Street

Building Size

Asset Type

Closing

Jul 29, 2022

AI

The retail property located at 165 East 33rd Street in Murray Hill has been leased. The tenant, Phoshimi Japanese Fusion, will occupy a space measuring 1,900 square feet. The lease was facilitated by Kevin Bisconti from Meridian Retail Leasing, representing the tenant, and Alex Imperatore and Garrett Kelly, also from Meridian Retail Leasing, representing the landlord.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Phoshimi Japanese Fusion
  • Tenant's Rep: Kevin Bisconti - Meridian Retail Leasing
  • Landlord's Rep: Alex Imperatore & Garrett Kelly - Meridian Retail Leasing

This lease agreement signifies the successful collaboration between Phoshimi Japanese Fusion, Meridian Retail Leasing (represented by Kevin Bisconti), and the landlord, who was represented by Alex Imperatore and Garrett Kelly. The terms of the lease include an asking rent of $125 per square foot, with the total space measuring 1,900 square feet at 165 East 33rd Street in Murray Hill.

Players

PF
Phoshimi Japanese FusionTenant

New York CRE Market Snapshot

Boundary boundary · CRE · Sale 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