facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

222 E 59th St, New York, NY...

Grande Central Showroom Leases 3000 Square Feet From Cohen Brothers Realty Corporation At 222 E 59th St
LEASEDRetail

Grande Central Showroom Leases 3000 Square Feet From Cohen Brothers Realty Corporation At 222 E 59th St

222 E 59th St, New York, NY, 10022

Building Size

3,000 SF

Asset Type

Retail

Closing

Oct 6, 2021

AI

The property involved in this lease transaction is located at 222 E 59th St, New York, NY, 10022. It encompasses a total area of 3000 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 3000
  • Tenant: Grande Central Showroom
  • Landlord: Cohen Brothers Realty Corporation
  • Tenant's Representative: Jason Pruger-Newmark
  • Landlord's Representative: Lucas Kooyman-Newmark
  • Brokers: Harrison Abramowitz-Newmark Grubb Knight Frank

This lease transaction involved notable individuals and firms, including Tenant’s Representative Jason Pruger and Landlord’s Representative Lucas Kooyman, both associated with Newmark, facilitating this arrangement for Grande Central Showroom and Cohen Brothers Realty Corporation, respectively.

Players

Jason Pruger

Newmark

Broker

12 deals

Broker

Cohen Brothers

Cohen Brothers Realty

Landlord

15 deals

Landlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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