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
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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