facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

Grand Concourse, Bronx, NY ...

EJC Salon & Wella Beauty Leases Retail Space At 201 & 203 Grand St. In NoLiTa
LEASEDRetail

EJC Salon & Wella Beauty Leases Retail Space At 201 & 203 Grand St. In NoLiTa

Grand Concourse, Bronx, NY 10458

Building Size

6,400 SF

Asset Type

Retail

Closing

Jul 19, 2020

AI

The retail property located at 201 & 203 Grand St. in NoLiTa has been leased. The deal was finalized on 07/19/2021, with the tenant, EJC Salon & Wella Beauty, signing the lease agreement. The landlord, Gabriella Lepore Gaspar, facilitated the transaction.

Summary of transaction details:

  • Property Type: Retail
  • Address: 201 & 203 Grand St.
  • Market: NoLiTa

The tenant, EJC Salon & Wella Beauty, was represented by Andy Law from Edward J. Cuccia Real Estate. On the other side, the landlord, Gabriella Lepore Gaspar, was represented by Clayton Traynham and James Famularo from Meridian Retail Leasing.

The lease transaction had an asking rent of $75 per square foot for the space spanning 5,100 square feet at 201 Grand St. Additionally, the space at 203 Grand St. was leased at an asking rent of $92 per square foot, measuring 1,300 square feet.

Players

Clayton Traynham

Rhino Realty Group

Broker

9 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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