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110 West 86th Street, New Y...

La Beaute Nail Salon Leases Retail Space At 110 West 86th Street In Upper West Side With Ben Biberaj, Andrew Ingber & James Famularo
LEASEDRetail

La Beaute Nail Salon Leases Retail Space At 110 West 86th Street In Upper West Side With Ben Biberaj, Andrew Ingber & James Famularo

110 West 86th Street, New York, NY 10024, USA

Building Size

2,000 SF

Asset Type

Retail

Closing

Sep 15, 2021

AI

La Beaute Nail Salon has signed a lease for a retail space at 110 West 86th Street in the Upper West Side. The property spans 2,000 square feet and has an asking rent of $175 per square foot. The deal was brokered by Ben Biberaj, Andrew Ingber, and James Famularo from Meridian Retail Leasing.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 09/15/2021
  • Address: 110 West 86th Street
  • Market: Upper West Side
  • Landlord: Heller Realty
  • Tenant: La Beaute Nail Salon ๐Ÿ’…
  • Brokers: Ben Biberaj, Andrew Ingber, and James Famularo from Meridian Retail Leasing
  • Asking Rent: $175 per square foot
  • Square Footage: 2,000

The lease agreement was facilitated by Ben Biberaj, Andrew Ingber, and James Famularo from Meridian Retail Leasing, representing La Beaute Nail Salon as their brokers. Heller Realty acted as the landlord in this transaction.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker
Heller Realty
Heller RealtyLandlord

New York Retail Market Snapshot

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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