Istvan Nagy Leases Retail Space At 433 Park Ave S, New York
433 Park Ave S, New York, NY, 10016
Building Size
2,400 SF
Asset Type
Retail
Closing
Aug 13, 2021
AI
The retail property located at 433 Park Ave S, New York, NY, 10016, spans 2400 square feet in the bustling market of New York. The lease was finalized on 08/13/2021 with Istvan Nagy as the tenant and Hugh Connolly as the landlord. The transaction was facilitated with Nicolas Nitu from Habendum Real Estate representing the tenant's interests.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Istvan Nagy
- Landlord: Hugh Connolly
- Square Feet: 2400
- Tenant's Rep: Nicolas Nitu (Habendum Real Estate)
The involvement of Istvan Nagy as the tenant, Hugh Connolly as the landlord, and the representation by Nicolas Nitu of Habendum Real Estate highlights the key individuals and companies that played crucial roles in the lease agreement at 433 Park Ave S. The successful culmination of the deal signifies a positive outcome for all parties involved in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93