Gramercy Retail Lease Closed By KSR With Carolina Aziz, Maddy Soffer & Ike Bibi
359 2nd Avenue
$105
$105/SF
Building Size
6,950 SF
Asset Type
Retail
Closing
Jun 26, 2024
AI
The retail property located at 359 2nd Avenue in Gramercy, Manhattan, was leased to Gramercy Market. The landlords of the property are Claudio Soifer and Ken Browne. Carolina Aziz, Maddy Soffer, and Ike Bibi of KSR represented the transaction as the brokers. The retail lease had an asking rent of $105 per square foot, with a total square footage of 6,950.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 359 2nd Avenue, Gramercy, Manhattan
- Tenant: Gramercy Market
- Landlords: Claudio Soifer & Ken Browne
- Brokers: Carolina Aziz, Maddy Soffer, & Ike Bibi - KSR
- Asking Rent: $105 per square foot
- Square Footage: 6,950
Carolina Aziz, Maddy Soffer, and Ike Bibi from KSR played crucial roles in facilitating the lease deal between the landlords and Gramercy Market. They were instrumental in finalizing the negotiation, representing their respective clients' interests throughout the process. Their expertise in the Gramercy retail market was pivotal in securing this transaction.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93