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
About this deal
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.
On the Map
$108
$108/SF
Retail
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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
146879.63%
Cash-on-Cash
-41978.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93