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129 West 72nd Street

ACA Acupuncture Leases Retail Space On Upper West Side, NYC
LEASEDRetail

ACA Acupuncture Leases Retail Space On Upper West Side, NYC

129 West 72nd Street

$74

$74/SF

Building Size

2,600 SF

Asset Type

Retail

Closing

Nov 1, 2023

AI

The retail property located at 129 West 72nd Street in the Upper West Side has been leased. The tenant, ACA Acupuncture, has entered into a lease agreement for the space. The property spans 2,600 square feet and the asking rent was $74 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 129 West 72nd Street
  • Market: Upper West Side
  • Asking Rent: $74/ft
  • Square Footage: 2,600

The landlord in this deal is Joseph Annuziata of Nunz Equities West. Representing the landlord is James Famularo and Jacob Mayer from Meridian Capital Group. On the tenant's side, Ryan Elazari of PD Properties acted as their representative.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

368 deals

Broker
AA
ACA AcupunctureTenant

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

214364.86%

Cash-on-Cash

-61266.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93