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213 E 59th St, New York, NY...

Chosen Equities Leases 3220 Square Feet To Charles P. Rogers At 213 E 59th St New York
LEASEDRetail

Chosen Equities Leases 3220 Square Feet To Charles P. Rogers At 213 E 59th St New York

213 E 59th St, New York, NY, 10022

Building Size

3,220 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 213 E 59th St, New York, NY, 10022, within the New York market. The property encompasses a total area of 3,220 square feet.

Summary of transaction details:

This lease agreement features Charles P. Rogers as the tenant and Chosen Equities as the landlord, with representation from Charles Rapuano and Jeremy Wintner of Winick Realty Group acting on behalf of the landlord in this transaction.

Players

Charles Rapuano

RTL Real Estate

Broker

13 deals

Broker
Sinvin Real Estate
Sinvin Real EstateBrokerage

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