facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

120 East 39th Street

RMC OBGNY Signs Retail Lease At 120 East 39th Street In Murray Hill
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

360 deals

Broker

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93