Wink Bar Leases Retail Space On Upper East Side For $120/ft
142 East 49th Street, New York City, New York 10017, United States
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 17, 2022
About this deal
AI
Located at 142 E. 49th St. in the Upper East Side, this retail property has recently been leased out. The tenant for this space is Wink Bar, a retail business. The leasing of this property was facilitated by brokers John Roesch and Kevin Bisconti from Meridian Retail Leasing. The property spans approximately 1,000 square feet. The asking rent for this lease was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Tenant: Wink Bar
- Brokers: John Roesch & Kevin Bisconti - Meridian Retail Leasing
- Address: 142 E. 49th St.
- Market: Upper East Side
- Asking Rent: $120/ft.
- SF: 1,000
John Roesch and Kevin Bisconti from Meridian Retail Leasing played a key role in securing this lease deal for Wink Bar in the Upper East Side. Their expertise and negotiation skills contributed to the successful completion of this transaction.
Players
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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