Bar Reyna Restaurant Leases Retail Space In Union Square At 13 East 13th Street
13 East 13th Street, New York, NY, USA
Building Size
7,000 SF
Asset Type
Retail
Closing
Oct 1, 2021
About this deal
AI
Bar Reyna Restaurant has leased a retail space at 13 East 13th Street in Union Square. The property, spanning 7,000 square feet, was leased for an asking rent of $77 per square foot. The lease transaction was facilitated by James Famularo from Meridian Retail Leasing, who represented the tenant in the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 13 East 13th Street, Union Square
- Market: Union Square
James Famularo from Meridian Retail Leasing acted as the representative for Bar Reyna Restaurant in the lease transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93