Staub Hospitality Group Leases Retail Space On Upper West Side For $175/ft
226 West 79th Street, New York, NY 10024
Building Size
1,800 SF
Asset Type
Retail
Closing
Jan 1, 2022
About this deal
AI
The retail space located at 226 West 79th Street in the Upper West Side of New York City has been leased by Staub Hospitality Group.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 01/01/2022
- Address: 226 West 79th Street
- Market: Upper West Side
- Tenant: Staub Hospitality Group
The leasing transaction was facilitated by brokers Ben Biberaj and Harry Singer from Meridian Retail Leasing. The deal was finalized with an asking rent of $175 per square foot for a total area of 1,800 square feet.
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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