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312 West 58th Street, New Y...

Updated Oct 29, 2024

GleasonsNYC Tavern Leases Retail Space In Columbus Circle For $432,000
LEASEDRetail

GleasonsNYC Tavern Leases Retail Space In Columbus Circle For $432,000

312 West 58th Street, New York, NY 10019

Building Size

3,200 SF

Asset Type

Retail

Closing

Oct 31, 2018

About this deal

AI

Located at 312 West 58th Street in Columbus Circle, this retail property was recently leased. The transaction took place on 11/01/2018 between the tenant, Gleason's Tavern, and the landlord, Gorjian Realty Group. The lease was facilitated by Carolina Aziz and Yoni Hadar from the Kassin Sabbagh Realty agency. The property spans over 3,200 square feet and was leased at a rate of $135 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Date: 11/01/2018
  • Tenant: Gleason's Tavern
  • Landlord: Gorjian Realty Group
  • Brokers: Carolina Aziz & Yoni Hadar (Kassin Sabbagh Realty)
  • Address: 312 West 58th Street
  • Market: Columbus Circle
  • Lease rate: $135/ft.
  • Square footage: 3,200

Carolina Aziz and Yoni Hadar played a significant role in representing both the tenant and the landlord in this lease. Gleason's Tavern, a local establishment, secured this retail space in a prime location in Columbus Circle. Gorjian Realty Group, the landlord, agreed to lease the property to Gleason's Tavern at a rate of $135 per square foot.

Players

Carolina Aziz

Kassin Sabbagh Realty

Broker

$24.8M

vol

97 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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