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:
- Property Type: Retail
- Transaction Amount: $132/ft
- Square Footage: 400
- Landlord: Anthony Zachariadis
- Tenant: Ideal Coffee Shop
- Broker: Mariko Tanaka - Meridian Capital Group
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
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