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352 East 20th Street

Pastry Shop 2 Billionaire Millionaire Leases Retail Space At 352 East 20th Street In Gramercy Park
LEASEDRetail

Pastry Shop 2 Billionaire Millionaire Leases Retail Space At 352 East 20th Street In Gramercy Park

352 East 20th Street

$108

$108/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 27, 2025

AI

The property asset involved in this transaction is located at 352 East 20th Street in the Gramercy Park market. It is a retail space with a total area of 1,000 square feet, leased at an asking rent of $108 per square foot. The lease type is a Single Net Lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $108/ft
  • Lease Type: Single Net Lease
  • Landlord: Kostas Kaimakliotis
  • Tenant: Pastry Shop 2 Billionaire Millionaire
  • Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
  • Tenant's Representative: Stephen Ligambi - Meridian Capital Group

The key individuals involved in this deal include Kostas Kaimakliotis, the landlord, and the tenant represented by Stephen Ligambi. The transaction was facilitated by Meridian Capital Group, with Noam Aziz and Carson Shahrabani acting on behalf of the landlord.

Players

Stephen Ligambi

Meridian Capital Group

Broker

31 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

146879.63%

Cash-on-Cash

-41978.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93