Phoenix Care Leases Retail Space At 150 East 55th Street In Midtown East From John Izum
150 East 55th Street
Building Size
3,000 SF
Asset Type
Retail
Closing
Oct 10, 2024
About this deal
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.
On the Map
Retail
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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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93