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433 Park Ave S, New York, N...

Istvan Nagy Leases Retail Space At 433 Park Ave S, New York
LEASEDRetail

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

Nicolas Nitu

Habendum Real Estate

Broker

8 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93