Liquid Sculpt Signs Retail Lease At 242 East 19th Street In Gramercy Park, Manhattan
242 East 19th Street
$68
$68/SF
Building Size
800 SF
Asset Type
Retail
Closing
Feb 1, 2024
AI
The property asset involved in this transaction is a retail space located at 242 East 19th Street in the Gramercy Park neighborhood of Manhattan. The asking rent for the space is $68 per square foot, covering a total area of 800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $68/ft
- Address: 242 East 19th Street
- Market: Gramercy Park, Manhattan
- Landlord: Brandon Sherman - 242 Apartment Corp Vintage Real Estate Services
- Tenant: Liquid Sculpt
- Brokers: Garrett Kelly, Dev Vasani & Stephen Ligambi - Meridian Capital Group
- Lease Type: Retail Lease
Stephen Ligambi of Meridian Capital Group represented Liquid Sculpt in this lease transaction, with Garrett Kelly and Dev Vasani, also from Meridian, representing 242 Apartment Corp, led by Brandon Sherman. Meridian Capital Group continues to demonstrate its expertise in facilitating seamless transactions like this, ensuring successful outcomes for all parties involved.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93