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119 E 23rd St New York, Ny ...

Bis Bas Leases Retail Space In Flatiron At 119 East 23rd Street
LEASEDRetail

Bis Bas Leases Retail Space In Flatiron At 119 East 23rd Street

119 E 23rd St New York, Ny 10010, Usa

$130

$130/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Jun 26, 2023

AI

The retail space at 119 East 23rd Street in the Flatiron market has been leased. The landlord, Baruch Chay, has successfully leased the 2,500 square feet retail space to Bis Bas. The deal was brokered by David Green and David Sabbagh of KSR and Michael Paster of Newmark. The asking rent for the property was $130 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 119 East 23rd Street
  • Market: Flatiron
  • Landlord: Baruch Chay
  • Tenant: Bis Bas
  • Brokers: David Green & David Sabbagh - KSR, Michael Paster - Newmark
  • Asking Rent: $130 per square foot
  • Square Footage: 2,500

Detailed information about the parties involved in the deal's execution, including the landlord, tenant, and brokers, is not available. However, it is worth noting that David Green and David Sabbagh represented the landlord, Baruch Chay, while Michael Paster represented the tenant, Bis Bas.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

61 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93