Meridian Capital Group Represents Kas In Retail Lease Deal At 221 East 23rd Street, New York City
221 East 23rd Street
$140
$140/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 4, 2023
About this deal
AI
Located at 221 East 23rd Street in New York City, this retail property was recently leased in a transaction facilitated by Ben Biberaj, Ben Howard, and Robert Mulholland from Meridian Capital Group. The landlord, Steve Croman, leased the space to the tenant, Kas. The lease was signed on 01/04/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable
- Address: 221 East 23rd Street
- Market: New York City
The leasing brokers, Ben Biberaj, Ben Howard, and Robert Mulholland, represented the tenant, Kas, on behalf of Meridian Capital Group.
On the Map
$140
$140/SF
Retail
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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
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93