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
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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