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42-59 Hunter Street

Jclub Nyc Leases Retail Space At 42-59 Hunter Street In Long Island City With Landlord Perlita Walsh And Broker Rodney Nassimian - Highcap Group
LEASEDRetail

Jclub Nyc Leases Retail Space At 42-59 Hunter Street In Long Island City With Landlord Perlita Walsh And Broker Rodney Nassimian - Highcap Group

42-59 Hunter Street

$36

$36/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Dec 10, 2022

AI

The retail property located at 42-59 Hunter Street in Long Island City has recently been leased. The property spans 3,000 square feet and was leased for a term of 5 years. The landlord, Perlita Walsh, successfully leased the property to Jclub Nyc. The leasing deal was facilitated by Rodney Nassimian from Highcap Group.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $36/ft
  • Square Footage: 3,000
  • Lease Term: 5 years
  • Landlord: Perlita Walsh
  • Tenant: Jclub Nyc
  • Broker: Rodney Nassimian - Highcap Group

Rodney Nassimian from Highcap Group acted as the broker in this lease deal, representing both the landlord Perlita Walsh and the tenant Jclub Nyc. The successful leasing of the property was a result of their negotiations and expertise in the retail market.

Players

Rodney Nassimian

Highcap Group

Broker

$73.1M

vol

18 deals

Broker

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

440638.89%

Cash-on-Cash

-125935.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93