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414 East 71st Street, New Y...

ACA Acupuncture Leases Retail Space On Upper East Side
LEASEDRetail

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

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.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker
AA
ACA AcupunctureTenant

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