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
About this deal
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.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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