RMC OBGNY Signs Retail Lease At 120 East 39th Street In Murray Hill
120 East 39th Street
$80
$80/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 31, 2024
AI
The retail space at 120 East 39th Street in Murray Hill has been leased. The property, consisting of 3,000 square feet, was leased by RMC OBGNY. The landlord for this transaction was Sapphire Investment Group, represented by Shlomo Rosenbaum. The leasing of this retail space was facilitated by James Famularo and Dev Vasani from Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 120 East 39th Street
- Market: Murray Hill
James Famularo and Dev Vasani from Meridian Capital Group played a crucial role in representing the landlord, Sapphire Investment Group, in this retail lease transaction. RMC OBGNY will now be occupying the 3,000 square feet of retail space at 120 East 39th Street in Murray Hill.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93