Meridian Capital Group Brokers Lease For Resident Lounge At 16 East 27th Street
16 East 27th Street
$46
$46/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 26, 2024
About this deal
AI
The retail property located at 16 East 27th Street in Kips Bay, Manhattan, was leased to Resident Lounge. The deal was facilitated by brokers James Famularo and Jacob Mayer from Meridian Capital Group. The property spans 2,200 square feet with an asking rent of $46 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Vlad Tsirkin
- Tenant: Resident Lounge
- Brokers: James Famularo & Jacob Mayer - Meridian Capital Group
- Address: 16 East 27th Street
- Market: Kips Bay, Manhattan
- Asking Rent: $46/ft
- Lease Type: Retail Lease
James Famularo and Jacob Mayer played pivotal roles as the brokers representing the landlord and tenant in this retail lease transaction. The involvement of these experienced professionals ensured a successful deal for both parties involved in the lease agreement.
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
344847.83%
Cash-on-Cash
-98558.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93