LEASEDRetail
Steve Croman Leases Retail Property At 221 East 23rd Street In New York City To Kas With Brokers From Meridian Capital Group
221 East 23rd Street
$140
$140/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 4, 2023
AI
The retail property located at 221 East 23rd Street in New York City has been leased. The deal was finalized on 01/04/2023.
Summary of transaction details:
- Property Type: Retail
- Address: 221 East 23rd Street, New York City
- Market: New York City
- Landlord: Steve Croman
- Tenant: Kas
- Brokers: Ben Biberaj, Ben Howard, and Robert Mulholland from Meridian Capital Group
- Asking Rent: $140/ft
- Square Footage: 1,000 sq ft
The lease of the property was facilitated by Ben Biberaj, Ben Howard, and Robert Mulholland from Meridian Capital Group. The property was leased to the tenant, Kas. The landlord in this transaction is Steve Croman.
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