Leon Tovar Gallery Leases Retail Space At 26 East 64th Street On Upper East Side
26 East 64th Street, New York City, New York 10065, United States
Building Size
1,700 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
The retail space located at 26 East 64th Street in the Upper East Side has recently been leased. The property, owned by Sedesco, will now be occupied by Leon Tovar Gallery. The gallery has been represented by Nicholas Judson from Judson CRE and Wendy Mcdonald from Coldwell Banker Realty. On the landlord's side, Josh Augenbaum from Augenbaum Realty Corp has represented Sedesco in the transaction.
Summary of transaction details:
- Property Type: Retail
- Address: 26 East 64th Street
- Market: Upper East Side
- Landlord: Sedesco
- Tenant: Leon Tovar Gallery
- Tenant's Representative: Nicholas Judson - Judson CRE & Wendy McDonald - Coldwell Banker Realty
- Landlord's Representative: Josh Augenbaum - Augenbaum Realty Corp.
The asking rent for the 1,700 square feet space was $80 per square foot. Additionally, @AugenbaumRealtyNY mentioned that the 3rd and 4th Floors at 26 East 64th Street, as well as the 5th Floor at 29 East 61st Street, are also available for lease. For more information on these spaces, interested parties can reach out to Josh at [email protected].
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93