Hindman Secures 2,500-Square-Foot Retail Space At 32 East 67th Street In Lenox Hill, Manhattan
32 East 67th Street
$10
$10/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Dec 8, 2023
AI
Auction house Hindman has secured a 2,500-square-foot space in a townhouse located at 32 East 67th Street in the Lenox Hill neighborhood of Manhattan. The property was leased from landlord Didier Aaron at an asking rent of $300,000 per year.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 32 East 67th Street
- Market: Lenox Hill, Manhattan
The landlord, Didier Aaron, represented by Nicholas Judson & Wendy McDonald of Judson CRE, entered into the lease agreement with Hindman, the tenant. Hindman was represented by Matt Ogle of JLL.
It is worth noting that the leased space in the townhouse is 2,500 square feet and the asking rent for the property is $300,000 per year.
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
1586300.00%
Cash-on-Cash
-453369.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93