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
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
$130
$130/SF
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