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
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