Blo Blo & Sharkey’s Cuts For Kids Leases Retail Space At 1033 Lexington Ave. On Upper East Side
1033 Lexington Ave, New York, NY, USA
Building Size
4,300 SF
Asset Type
Retail
Closing
Jun 24, 2020
About this deal
AI
A retail property located at 1033 Lexington Ave in the Upper East Side of New York City has been leased. The transaction took place on June 24, 2021. The property, spanning 4,300 square feet, was leased by Blo Blo & Sharkey’s Cuts For Kids, a hair salon for children. The landlord of the property is Stellar Management.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $150/ft.
- Square Footage: 4,300
- Address: 1033 Lexington Ave
- Market: Upper East Side
Claude Kolb, from Kassin Sabbagh Realty, represented Blo Blo & Sharkey’s Cuts For Kids as the tenant's representative. The landlord, Stellar Management, was represented by John Bernstein. The lease was negotiated with an asking rent of $150 per square foot.
Players
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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