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242 East 19th Street

Liquid Sculpt Signs Retail Lease At 242 East 19th Street In Gramercy Park, Manhattan
LEASEDRetail

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:

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

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker

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

233279.41%

Cash-on-Cash

-66671.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93