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266 East 78th Street, New Y...

Dance With Miss Rachel Leases Mixed-Use Space At 266 E. 78th St. On Upper East Side
LEASEDMixed-use

Dance With Miss Rachel Leases Mixed-Use Space At 266 E. 78th St. On Upper East Side

266 East 78th Street, New York City, New York 10075, United States

Building Size

2,950 SF

Asset Type

Mixed-use

Closing

Jun 2, 2022

AI

Located in the Upper East Side of New York City, the mixed-use property at 266 E. 78th St. has recently undergone a lease transaction. The property spans 2,950 square feet and was leased to Dance with Miss Rachel.

Summary of transaction details:

The lease deal was facilitated by Platinum Properties and Newmark, representing the landlord and tenant respectively. The property was leased for an asking rent of $100 per square foot.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
Elliot Sohayegh

Elliot Sohayegh

Landlord

$66.5M

vol

10 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease 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