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:
- Property Type: Mixed-use
- Transaction Date: 06/03/2022
- Market: Upper East Side
- Asking Rent: $100/ft.
- Landlord: NYC Holdings - Elliot Sohayegh
- Tenant: Dance with Miss Rachel
- Landlord's Representative: Steven Evans & Joseph Zalta - Platinum Properties
- Tenant's Representative: Ravi Idnani & Andrew Stern - Newmark
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
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