BodyRok Leases Retail Space At 227 Lexington Avenue In Kips Bay, NYC
227 Lexington Avenue, New York City, New York 10016, United States
Building Size
2,200 SF
Asset Type
Retail
Closing
Mar 8, 2022
About this deal
AI
A retail space located at 227 Lexington Avenue in Kips Bay, Manhattan, has been leased. The asset encompasses approximately 2,200 square feet and was leased by BodyRok. The lease transaction was facilitated by Easy Street NYC, representing the tenant, and Garrett Kelly of Meridian Retail Leasing, representing the landlord. The property was leased at an asking rent of $136 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 03/09/2022
- Tenant: BodyRok
- Tenant's Representative: Easy Street NYC
- Landlord's Representative: Garrett Kelly - Meridian Retail Leasing
- Address: 227 Lexington Avenue, Kips Bay
- Asking Rent: $136 per square foot
- Square Footage: 2,200
This lease deal involved BodyRok as the tenant, represented by Easy Street NYC, and the landlord was represented by Garrett Kelly of Meridian Retail Leasing. The leased retail space is located at 227 Lexington Avenue in Kips Bay, Manhattan. The asking rent for the 2,200-square-foot property was $136 per square foot.
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