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219 East 23rd Street

Dajidali Inc Leases Retail Space At 219 East 23rd Street In Kips Bay, Manhattan
LEASEDRetail

Dajidali Inc Leases Retail Space At 219 East 23rd Street In Kips Bay, Manhattan

219 East 23rd Street

$120

$120/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 11, 2023

AI

A retail space located at 219 East 23rd Street in Kips Bay, Manhattan has been leased. The landlord, Centennial Properties, has entered into a lease agreement with Dajidali Inc. The transaction was facilitated by Elliot Wygoda and Ben Biberaj from the Meridian Capital Group, who represented the landlord. Fai Thanaporn from Metropolitan Property Group served as the tenant's representative. The lease for this 1,000 square feet retail space was secured at an asking rent of $120 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Market: Kips Bay, Manhattan
  • Address: 219 East 23rd Street
  • Landlord: Centennial Properties
  • Tenant: Dajidali Inc
  • Landlord's Rep: Elliot Wygoda & Ben Biberaj - Meridian Capital Group
  • Tenant's Rep: Fai Thanaporn - Metropolitan Property Group
  • Asking Rent: $120 per square foot
  • Size: 1,000 square feet

With Centennial Properties as the landlord and Dajidali Inc as the tenant, Elliot Wygoda and Ben Biberaj from the Meridian Capital Group represented the landlord's interests in the leasing process. Fai Thanaporn, an agent from Metropolitan Property Group, acted as the tenant's representative. The lease agreement was finalized for a retail space measuring 1,000 square feet at an asking rent of $120 per square foot.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93