Hair Craft Salon & Spa Leases Retail Space In Upper East Side For $100/ft
146 East 74th Street, New York, NY 10021
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 1, 2021
About this deal
AI
An 1,000 square foot retail space located at 146 East 74th Street in the Upper East Side has been leased. The lease transaction took place on October 1, 2021.
Summary of transaction details
- Property Type: Retail
- Address: 146 East 74th Street
- Market: Upper East Side
The landlord of the property is Ayhan Bilmersav. The tenant, Hair Craft Salon & Spa, has successfully leased the retail space. The lease was facilitated by Claude Kolb and Joseph Ash from KSR acting as the tenant's brokers.
The asking rent for the leased space was $100 per square foot.
On the Map
Retail
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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