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346 East 59th Street

Anthony Zachariadis Leases Retail Space To Ideal Coffee Shop At 346 East 59th Street Manhattan
LEASEDRetail

Anthony Zachariadis Leases Retail Space To Ideal Coffee Shop At 346 East 59th Street Manhattan

346 East 59th Street

$132

$132/SF

Building Size

400 SF

Asset Type

Retail

Closing

Jan 3, 2025

AI

The retail asset located at 346 East 59th Street in the Manhattan market involves a lease with an asking rent of $132 per square foot for a total area of 400 square feet. This arrangement is categorized under a Modified Gross Lease.

Summary of transaction details:

Mariko Tanaka represents the landlord, Anthony Zachariadis, in the leasing transaction to Ideal Coffee Shop, overseeing the agreement and ensuring the interests of the landlord are upheld throughout the process.

Players

Mariko Tanaka

Cushman & Wakefield

Broker

13 deals

Broker

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

120174.24%

Cash-on-Cash

-34346.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93