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
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