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401 E 78th St, New York, NY...

First Avenue Partners Leases 600 Square Feet To East Side Chemists At 401 E 78th St
LEASEDRetail

First Avenue Partners Leases 600 Square Feet To East Side Chemists At 401 E 78th St

401 E 78th St, New York, NY, 10075

Building Size

600 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 401 E 78th St, New York, NY, 10075, in the New York market. The leased space encompasses 600 square feet, accommodating the operations of the tenant, East Side Chemists. The landlord of the property is First Avenue Partners.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 401 E 78th St, New York, NY, 10075
  • Square Feet: 600
  • Landlord: First Avenue Partners
  • Tenant: East Side Chemists
  • Landlord's Rep: Jeffrey "Jeff" Angel

Jeffrey "Jeff" Angel represents First Avenue Partners in this transaction, facilitating the lease agreement with East Side Chemists. This transaction highlights the collaboration between the landlord, tenant, and their respective representatives.

Players

Jeffrey Angel

Broker

4 deals

Broker
Viza Group
Viza GroupBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93