ACA Acupuncture Leases Retail Space On Upper East Side
414 East 71st Street, New York City, New York 10021, United States
Building Size
1,700 SF
Asset Type
Retail
Closing
Feb 8, 2022
About this deal
AI
The retail property located at 414 East 71st Street in the Upper East Side has been leased. The asset spans approximately 1,700 square feet and is situated in a prime location in the Upper East Side market.
Summary of transaction details
- Property Type: Retail
- Transaction Date: February 9, 2022
- Tenant: ACA Acupuncture
- Tenant's Representative: Robert Mulholland - Meridian Retail Leasing
- Landlord's Representatives: Dane Harlowe & Scott McAnney - Meridian Retail Leasing
- Asking Rent: $79.76 per square foot
Robert Mulholland from Meridian Retail Leasing represented the tenant, ACA Acupuncture, in the lease transaction. On the landlord's side, Dane Harlowe and Scott McAnney, also from Meridian Retail Leasing, served as the representatives. The lease agreement was successfully negotiated, securing this retail space for ACA Acupuncture.
On the Map
Retail
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Players
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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