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220 E 42nd St, New York, NY...

Yaso Tangbao Leases 3300 Square Feet From SL Green Realty Corp. With Representation By Haz Aliessa And Mark Utreras
LEASEDRetail

Yaso Tangbao Leases 3300 Square Feet From SL Green Realty Corp. With Representation By Haz Aliessa And Mark Utreras

220 E 42nd St, New York, NY, 10017

Building Size

3,300 SF

Asset Type

Retail

Closing

Apr 3, 2017

AI

The property involved in this lease transaction is located at 220 E 42nd St, New York, NY, 10017, within the New York market. The property has a total square footage of 3,300 square feet. The landlord for this transaction is SL Green Realty Corp., while the tenant is Yaso Tangbao.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 220 E 42nd St, New York, NY, 10017
  • Market: New York
  • Square Feet: 3,300
  • Tenant: Yaso Tangbao
  • Landlord: SL Green Realty Corp.
  • Tenant's Representative: Haz Aliessa - Tower Brokerage
  • Landlord's Representative: Mark Utreras - Newmark Grubb Knight Frank

In this transaction, Haz Aliessa represented the tenant, Yaso Tangbao, while Mark Utreras represented the landlord, SL Green Realty Corp. The involvement of these representatives ensures that both parties were guided through the leasing process by knowledgeable professionals.

Players

Haz Aliessa

Tower Brokerage

Broker

11 deals

Broker
SL Green
SL GreenLandlord

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