facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

220 East 42nd Street

Children's Playhouse Leases Retail Space At 220 East 42nd Street Landlord SL Green
LEASEDRetail

Children's Playhouse Leases Retail Space At 220 East 42nd Street Landlord SL Green

220 East 42nd Street

$100

$100/SF

Building Size

4,722 SF

Asset Type

Retail

Closing

Feb 10, 2025

AI

The property asset involved in this transaction is a retail space located at 220 East 42nd Street in the Midtown market. It is available under a retail lease type with an asking rent of $100 per square foot and comprises a total area of 4,722 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $100/ft
  • Address: 220 East 42nd Street
  • Market: Midtown
  • Asset Description: 4,722 SF
  • Landlord: SL Green
  • Tenant: Children's Playhouse
  • Brokers: Marc Sitt, Dorel Melloul & Albert Manopla - KSR

The key individuals involved in this transaction include brokers Marc Sitt, Dorel Melloul, and Albert Manopla, who represented the deal for KSR. The landlord of the property is SL Green, while the tenant entering into the lease is Children's Playhouse.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93