Carry Home Leases Retail Space At 401 East 62nd Street, Upper East Side
401 East 62nd Street, New York, NY 10065
Building Size
1,100 SF
Asset Type
Retail
Closing
Mar 31, 2021
About this deal
AI
The retail property located at 401 East 62nd Street in the Upper East Side has been leased. The transaction took place on April 1, 2021. The property spans a total of 1,100 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
The tenant for this retail space is Carry Home. The landlord of the property is Aaron & Adam Daniels. The deal was facilitated by brokers David Green and Claude Kolb from Kassin Sabbagh Realty.
The asking rent for the space was $110 per square foot.
On the Map
Retail
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Players
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