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
About this deal
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
- Property Type: Retail
- Transaction Amount: Lease
- Address: 230 East 44th Street
- Tenant: ARAGVI
- Landlord: Dalan Management
- Brokers: Jack Mordekai, David Green, Gabe Icikson, and Sam Chera - KSR
- Asking Rent: $75 per square foot
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.
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Retail
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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