Blo Blow Dry Bar Leases 550 Square Feet At 142 E 49th St In New York
142 E 49th St, New York, NY, 10017
Building Size
550 SF
Asset Type
Condo
Closing
Dec 15, 2015
About this deal
AI
A lease has been signed for a property located at 142 East 49th St, New York, NY, 10017, consisting of 550 square feet. This transaction is situated in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Square Feet: 550
- Address: 142 E 49th St, New York, NY, 10017
- Tenant: Blo Blow Dry Bar
- Landlord: 142 E 49 ST OWNERS
- Tenant's Representative: Cosmo Montemurro (Murro Realty)
- Landlord's Representative: James Famularo (Meridian Capital Group)
Blo Blow Dry Bar, an international franchise with involvement from Gwyneth Paltrow as a creative partner, was represented by Cosmo Montemurro from Murro Realty in this leasing transaction. James Famularo of Meridian Capital Group represented the landlord, 142 E 49 ST OWNERS.
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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