Physiolab NYC Physical Therapy Leases Retail Space In SoHo For $168/ft. At 201 Sullivan Street With Landlord Gatsby Enterprises And Brokers James Famularo & Kevin Bisconti - Meridian
201 Sullivan Street, Manhattan, New York, NY, USA
Building Size
500 SF
Asset Type
Retail
Closing
Oct 1, 2020
About this deal
AI
The retail space located at 201 Sullivan Street in SoHo has been leased by The Physiolab NYC Physical Therapy. The property, owned by Gatsby Enterprises, was leased with an asking rent of $168 per square foot. The lease transaction took place on October 2, 2020. The retail space covers an area of 500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 201 Sullivan Street
- Market: SoHo
- Tenant: The Physiolab NYC Physical Therapy
- Landlord: Gatsby Enterprises
- Brokers: James Famularo & Kevin Bisconti - Meridian
James Famularo and Kevin Bisconti from Meridian represented the tenant, The Physiolab NYC Physical Therapy, in this leasing deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93