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
About this deal
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.
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Retail
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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