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21 East 13th Street New Yor...

Happy Go Lucky Exhibit Signs 10-Year Lease For 4,500 SF Retail Space In Manhattan
LEASEDRetail

Happy Go Lucky Exhibit Signs 10-Year Lease For 4,500 SF Retail Space In Manhattan

21 East 13th Street New York, New York 10003, USA

Building Size

4,500 SF

Asset Type

Retail

Closing

Jun 30, 2023

AI

A Happy Go Lucky Exhibit, an immersive art gallery, has signed a 10-year lease for a 4,500 square feet space located at 21 East 13th Street in the market of New York. The property is owned by Sutton Garrett Realty Associates.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 21 East 13th Street
  • Market: New York
  • Asset Type: Retail
  • Square Footage: 4,500 SF

Mark Gindi from MJ Property Group represents the landlord, Sutton Garrett Realty Associates, while Haz Aliessa from Tower Brokerage represents the tenant, Happy Go Lucky Exhibit. The lease agreement spans for a duration of 10 years.

Players

Mark Gindi

Gindi Realty Advisors

Broker

7 deals

Broker
AA
AH Realty AssociatesLandlord

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