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:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 10 Grand Central St
- Market: Midtown Manhattan
- Square Footage: 9,536
- Landlord: Marx Realty
- Tenant: UpSlide
- Landlord's Representatives: Simon Landmann, Kyle Young, Mitchell Konsker, Carlee Palmer, Thomas Schwartz - JLL
- Tenant's Representative: Lexie Perticone - Cushman & Wakefield
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
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