Dapper Barbershop Leases Retail Space In Turtle Bay, Manhattan
142 East 49th Street
$168
$168/SF
Building Size
500 SF
Asset Type
Retail
Closing
Sep 22, 2023
About this deal
AI
The retail property located at 142 East 49th Street in Turtle Bay, Manhattan has been leased to Dapper Barbershop. The property, measuring 500 square feet, is owned by 142 East 49th Retail - Peter Takiff. The asking rent for the space was $168 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 142 East 49th Street, Turtle Bay, Manhattan
- Market: Turtle Bay, Manhattan
- Landlord: 142 East 49th Retail - Peter Takiff
- Tenant: Dapper Barbershop
- Landlord's Representative: Kevin Bisconti & Max Kemp - Meridian Capital Group
- Tenant's Representative: Aldona Dabrowska - Oxford Property Group
- Asking Rent: $168 per square foot
The deal was facilitated by Kevin Bisconti and Max Kemp from Meridian Capital Group, who represented the landlord, and Aldona Dabrowska from Oxford Property Group, who represented the tenant.
Players
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
94422.62%
Cash-on-Cash
-26986.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93