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150 East 55th Street

Phoenix Care Leases Retail Space At 150 East 55th Street In Midtown East From John Izum
LEASEDRetail

Phoenix Care Leases Retail Space At 150 East 55th Street In Midtown East From John Izum

150 East 55th Street

$130

$130/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Oct 10, 2024

AI

The asset is a retail property located at 150 East 55th Street in the Midtown East market. The lease was signed at an asking rent of $130 per square foot, covering a total area of 3,000 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $390,000
  • Landlord: John Izum
  • Tenant: Phoenix Care
  • Brokers: Nathan Aballi & Claude Kolb - KSR
  • Lease Type: Retail Lease

Nathan Aballi and Claude Kolb represented the deal for the brokerage KSR, facilitating the leasing between landlord John Izum and tenant Phoenix Care.

Players

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93