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
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93