Boris & Shearon Architect Leases Retail Space At 36 East 20th In Gramercy
36 East 20th Street, New York City, New York 10003, United States
Building Size
4,500 SF
Asset Type
Retail
Closing
Mar 16, 2022
About this deal
AI
Located at 36 East 20th in Gramercy, this retail property has recently been leased. The tenant, Boris & Shearon Architect, has secured this space for their operations. The leasing transaction was facilitated by Ben Biberaj and Elliot Wygoda of Meridian Retail Leasing, who represented the tenant in the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 03/17/2022
- Address: 36 East 20th, Gramercy
- Market: Gramercy
- Tenant: Boris & Shearon Architect
- Brokers: Ben Biberaj & Elliot Wygoda - Meridian Retail Leasing
- Asking Rent: $100/ft.
- Square Footage: 4,500 SF
Ben Biberaj and Elliot Wygoda of Meridian Retail Leasing played a key role in finalizing the lease agreement, representing Boris & Shearon Architect in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93