Astrology Gifts LLC Leases Retail Space At 27 East 21st Street For $36/ft
27 East 21st Street
$36
$36/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Jul 24, 2026
About this deal
AI
The property asset involved in this transaction is located at 27 East 21st Street in the Gramercy market. It is a retail space totaling 2,500 square feet. The asking rent for this property is set at $36 per square foot. The lease agreement established has a term of 10 years and is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $36/ft
- Square Footage: 2,500
- Address: 27 East 21st Street
- Market: Gramercy
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Ruth Shomron
- Tenant: Astrology Gifts LLC
- Landlord's Representative: Joy Fescine - Tri State Commercial Realty
- Tenant's Representative: Fredy Bagdadi - Tri State Commercial Realty
The transaction involves two key representatives from Tri State Commercial Realty, specifically Joy Fescine who represents the landlord, Ruth Shomron, and Fredy Bagdadi who represents the tenant, Astrology Gifts LLC. Their roles were essential in facilitating this leasing agreement in the retail sector.
Players
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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93