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221 East 23rd Street

Steve Croman Leases Retail Property At 221 East 23rd Street In New York City To Kas With Brokers From Meridian Capital Group
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:

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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