Himalayan Curry House Leases Retail Space At 220 East 53rd Street In Midtown East
220 E 53rd St, New York, NY 10022, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Oct 19, 2020
About this deal
AI
Himalayan Curry House has leased a retail space located at 220 East 53rd Street in Midtown East. The lease transaction was facilitated by Shanon McCalister of SLMC Corp, representing the tenant, and Michael Segerman of Dynamik Real Estate Group, representing the landlord, Empire Management - Ohebshalom Family. The retail space measures approximately 1,600 square feet, and the asking rent was $135 per square foot.
Summary of transaction details
- Property Type: Retail
- Date: 10/20/2020
- Address: 220 East 53rd Street
- Market: Midtown East
- Tenant: Himalayan Curry House
- Landlord: Empire Management - Ohebshalom Family
- Tenant's Representative: Shanon McCalister - SLMC Corp
- Landlord's Representative: Michael Segerman - Dynamik Real Estate Group
- Asking Rent: $135 per square foot
Michael Segerman, representing Dynamik Real Estate Group, specializes in commercial leasing in the New York Metropolitan Area. For inquiries or more information, you can contact Michael Segerman at [email protected] or 516-297-3337.
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