Global Wine Market Leases Retail Space At 14 East 58th Street In New York
14 East 58th Street
$110
$110/SF
Building Size
7,033 SF
Asset Type
Retail
Closing
Oct 19, 2022
About this deal
AI
The retail property located at 14 East 58th Street in New York has been leased to Global Wine Market. The tenant will be occupying a space spanning approximately 7,033 square feet. The asking rent for this lease was $110.91 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 14 East 58th Street, New York
- Market: New York
- Tenant: Global Wine Market
- Asking Rent: $110.91 per square foot
- Square Footage: 7,033
The lease deal was facilitated by James Famularo from Meridian Retail Leasing. As the representative of the tenant, Famularo played a crucial role in securing the lease agreement between Global Wine Market and the property owner.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93