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312 West 58th Street, New Y...

Updated Oct 28, 2024

Grace's Bar Leases Retail Space At 312 West 58th Street In Columbus Circle With Tenant's Rep Michael Hayes - Boxers Realty And Landlord's Rep Yoni Hadar & James Famularo @Meridian_Retail_Leasing
LEASEDRetail

Grace's Bar Leases Retail Space At 312 West 58th Street In Columbus Circle With Tenant's Rep Michael Hayes - Boxers Realty And Landlord's Rep Yoni Hadar & James Famularo @Meridian_Retail_Leasing

312 West 58th Street, New York, NY, USA

Building Size

3,200 SF

Asset Type

Retail

Closing

Jul 13, 2020

About this deal

AI

The retail property located at 312 West 58th Street in Columbus Circle has been leased. The tenant, Grace's Bar, will occupy the space, covering an area of 3,200 square feet. The lease transaction was completed on 07/13/2021. The landlord, Gorjian Properties Group, was represented by Yoni Hadar and James Famularo of Meridian Retail Leasing. The tenant was represented by Michael Hayes from Boxers Realty. The asking rent for the property was $140 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Tenant: Grace's Bar
  • Address: 312 West 58th Street
  • Market: Columbus Circle
  • Lease Date: 07/13/2021
  • Landlord: Gorjian Properties Group
  • Tenant's Representative: Michael Hayes - Boxers Realty
  • Landlord's Representatives: Yoni Hadar & James Famularo @Meridian_Retail_Leasing
  • Asking Rent: $140/ft.
  • Square Footage: 3,200

The lease of the retail property at 312 West 58th Street was facilitated by Michael Hayes of Boxers Realty, representing Grace's Bar, and Yoni Hadar and James Famularo of Meridian Retail Leasing, representing Gorjian Properties Group. The transaction involved an asking rent of $140 per square foot for a space measuring 3,200 square feet.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker

New York Retail Market Snapshot

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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

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