T-Bar Steak & Lounge Signs Lease With Solil Management At 116 E 60th St, New York
116 E 60th St, New York, NY, 10022
Building Size
4,500 SF
Asset Type
Retail
Closing
Jan 24, 2022
AI
The property involved in this transaction is located at 116 E 60th St, New York, NY, 10022. This commercial lease encompasses a space measuring 4500 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 116 E 60th St, New York, NY, 10022
- Square Feet: 4500
- Tenant: T-Bar Steak & Lounge
- Landlord: Solil Management
- Tenant's Representative: Joshua Singer
- Landlord's Representative: Jeremy Modest - Ripco
The transaction is marked by the involvement of key representatives in the lease agreement. Joshua Singer represents the tenant, T-Bar Steak & Lounge, while Jeremy Modest from Ripco acts as the landlord's representative for Solil Management.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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