Salvatore Ventura Leases Retail Space To GelMe Inc At 426 East 73rd Street In Lenox Hill
426 East 73rd Street
$108
$108/SF
Building Size
500 SF
Asset Type
Retail
Closing
Nov 18, 2024
About this deal
AI
The transaction involves a retail lease for a property located at 426 East 73rd Street in the Lenox Hill market. The lease type is a retail lease with an asking rent set at $120 per square foot for a total area of 500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Address: 426 East 73rd Street
- Market: Lenox Hill
- Square Footage: 500
- Landlord: Salvatore Ventura
- Tenant: GelMe Inc
- Brokers: Benjamin Namdar & Emanuel Hakami - ARA
Benjamin Namdar and Emanuel Hakami represented the brokers in this transaction, facilitating the agreement between Salvatore Ventura, the landlord, and GelMe Inc, the tenant.
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
146879.63%
Cash-on-Cash
-41978.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93