Hixenbaugh Fine Art Leases Retail Space On Upper East Side
235 East 60th Street, Manhattan, New York, NY, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Apr 29, 2021
About this deal
AI
Hixenbaugh Fine Art has leased a retail space located at 235 East 60th Street in the Upper East Side neighborhood of New York City. The property, represented by Claude Kolb of Kassin Sabbagh Realty, offers 1,200 square feet of space. The lease was signed on April 30, 2021, with a monthly rent of $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: April 30, 2021
- Address: 235 East 60th Street
- Market: Upper East Side
- Tenant: Hixenbaugh Fine Art
- Landlord: Ricky Zegelstein
- Broker: Claude Kolb - Kassin Sabbagh Realty
- Asking Rent: $120 per square foot
- Square Footage: 1,200
Claude Kolb of Kassin Sabbagh Realty represented the landlord, Ricky Zegelstein, in the lease agreement with Hixenbaugh Fine Art.
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