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230 East 44th Street, New Y...

ARAGVI Leases Retail Space At 230 East 44th Street In Midtown East
LEASEDRetail

ARAGVI Leases Retail Space At 230 East 44th Street In Midtown East

230 East 44th Street, New York City, New York 10017, United States

Building Size

4,500 SF

Asset Type

Retail

Closing

Oct 4, 2022

AI

The retail space located at 230 East 44th Street in Midtown East has been leased. The property, spanning 4,500 square feet, was leased by ARAGVI. The landlord in this transaction is Dalan Management. The lease was facilitated by brokers Jack Mordekai, David Green, Gabe Icikson, and Sam Chera of KSR. The asking rent for the space was $75 per square foot.

Summary of transaction details

The leasing of the retail space at 230 East 44th Street was successfully facilitated by brokers Jack Mordekai, David Green, Gabe Icikson, and Sam Chera of KSR. Their expertise and negotiation skills contributed to the completion of this lease agreement between ARAGVI and Dalan Management.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
Dalan Management
Dalan ManagementLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93