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
About this deal
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.
On the Map
Retail
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Players
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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