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36 Park Row New York, New Y...

Updated Oct 29, 2024

Mitsuki Japanese Market Leases 2,400 SF Retail Space At 36 Park Row, Manhattan
LEASEDRetail

Mitsuki Japanese Market Leases 2,400 SF Retail Space At 36 Park Row, Manhattan

36 Park Row New York, New York 10038, Usa

Building Size

2,400 SF

Asset Type

Retail

Closing

Aug 8, 2023

About this deal

AI

Mitsuki Japanese Market, a Japanese grocery store, has signed a lease to occupy 2,400 square feet of retail space at 36 Park Row in Manhattan's Potter Building. The seven-year lease agreement was facilitated by Joe Sitt, the representative of Thor Equities, the landlord of the property.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Square Footage: 2,400
  • Address: 36 Park Row, Manhattan
  • Market: Manhattan

This lease deal brings Mitsuki Japanese Market, a Japanese grocery store, to the bustling retail scene in Manhattan. The retail space at 36 Park Row in the Potter Building will now host the new Mitsuki Japanese Market, adding to the diverse range of offerings in the area. With Joe Sitt, representing Thor Equities, playing a crucial role in facilitating the lease agreement, the stage is set for the successful establishment of Mitsuki Japanese Market in this prime location.

Players

Joseph Sitt

Thor Equities

Landlord

$1.1B

vol

38 deals

Landlord
MM
Mitsuki Japanese MarketTenant

Culburra Beach 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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