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
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