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10 Grand Central St

Marx Realty Leases Retail Space To UpSlide In Midtown Manhattan
LEASEDRetail

Marx Realty Leases Retail Space To UpSlide In Midtown Manhattan

10 Grand Central St

Building Size

9,536 SF

Asset Type

Retail

Closing

Mar 12, 2024

AI

Located at 10 Grand Central St in Midtown Manhattan, the retail property spanning 9,536 square feet has been leased by UpSlide in a 10-year agreement with Marx Realty.

Summary of transaction details:

Lexie Perticone from Cushman & Wakefield acted as the representative for UpSlide during the leasing negotiations, while Marx Realty was represented by Simon Landmann, Kyle Young, Mitchell Konsker, Carlee Palmer, and Thomas Schwartz from JLL.

Players

Kyle Young

JLL

Broker

$38.2M

vol

16 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · 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