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165 East 33rd Street, New Y...

Phoshimi Japanese Fusion Leases Retail Space In Murray Hill With Kevin Bisconti Represents Tenant And Alex Imperatore & Garrett Kelly Represents Landlord
LEASEDRetail

Phoshimi Japanese Fusion Leases Retail Space In Murray Hill With Kevin Bisconti Represents Tenant And Alex Imperatore & Garrett Kelly Represents Landlord

165 East 33rd Street, New York City, New York 10016, United States

Building Size

1,900 SF

Asset Type

Retail

Closing

Jul 28, 2022

AI

The retail property located at 165 East 33rd Street in Murray Hill has been leased. The tenant, Phoshimi Japanese Fusion, will occupy a space measuring 1,900 square feet. The lease was signed on 07/29/2022, with an asking rent of $125 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 07/29/2022
  • Address: 165 East 33rd Street
  • Market: Murray Hill
  • Tenant: Phoshimi Japanese Fusion
  • Tenant's Representative: Kevin Bisconti - Meridian Retail Leasing
  • Landlord's Representatives: Alex Imperatore & Garrett Kelly - Meridian Retail Leasing
  • Asking Rent: $125 per square foot
  • Square Footage: 1,900

The lease deal for the retail property at 165 East 33rd Street was facilitated by Kevin Bisconti from Meridian Retail Leasing, who represented Phoshimi Japanese Fusion. The landlord, represented by Alex Imperatore and Garrett Kelly, also from Meridian Retail Leasing, agreed to the lease.

Players

Kevin Bisconti

Meridian Capital Group

Broker

48 deals

Broker
PF
Phoshimi Japanese FusionTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93