Classic Barber Shop NY INC Leases Retail Space From Solil Management In Midtown East For $175/ft
166 East 44th Street
$175
$175/SF
Building Size
602 SF
Asset Type
Retail
Closing
May 7, 2025
About this deal
AI
The property asset involved in this transaction is located at 166 East 44th Street in the Midtown East market. It is classified as a retail space with an asking rent of $175 per square foot. The total area of the lease is 602 square feet. The lease term agreed upon is 10 years, structured as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $175/ft
- Address: 166 East 44th Street
- Market: Midtown East
- Asset Type: Retail
- Landlord: Solil Management
- Tenant: Classic Barber Shop NY INC
- Tenant's Representative: Ryan Feinstein - Zelnik & Company
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
The key individuals and companies involved in this transaction include Solil Management, the landlord, and Classic Barber Shop NY INC, the tenant. Ryan Feinstein of Zelnik & Company represents the tenant in this leasing deal.
On the Map
$175
$175/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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93