Omakase Restaurant Leases Retail Space On 163 West 71st Street In New York City
163 W 71st St New York, NY 10023, USA
$120
$120/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Aug 7, 2023
About this deal
AI
The retail property at 163 West 71st Street in New York City has recently been leased. The property, owned by Chingchong Lee, will now be occupied by Omakase Restaurant. The lease transaction was facilitated by Joey Kafif of Safdie Realty Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 163 West 71st Street, New York City
- Square Footage: 1,500
- Market: New York City
Joey Kafif, representing Safdie Realty Group, played a key role in negotiating the lease deal between Chingchong Lee, the landlord, and Omakase Restaurant, the tenant. Safdie Realty Group is a brokerage firm that specializes in representing both landlords and tenants in various areas of New York City, including Brooklyn, Bronx, Manhattan, and Queens.
For any assistance in finding a new space or leasing out vacant properties, you can contact Joey Kafif at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93