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