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436 East 83rd Street

Target Park Leases Retail Space At 436 East 83rd Street In Upper East Side
LEASEDRetail

Target Park Leases Retail Space At 436 East 83rd Street In Upper East Side

436 East 83rd Street

$30

$30/SF

Building Size

11,000 SF

Asset Type

Retail

Closing

Jul 12, 2023

AI

A retail space located at 436 East 83rd Street in the Upper East Side has recently been leased. The property, spanning 11,000 square feet, was rented by Target Park. The landlord of the space is Agus Holdings. The lease was brokered by Brian Doyle from Booth Street. The asking rent for the retail space was $30 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 436 East 83rd Street
  • Market: Upper East Side
  • Square Footage: 11,000
  • Landlord: Agus Holdings
  • Tenant: Target Park
  • Broker: Brian Doyle - Booth Street
  • Asking Rent: $30/ft

Brian Doyle, the representative of Booth Street, played a crucial role in facilitating the lease agreement between Agus Holdings, the landlord, and Target Park, the tenant. This transaction marks the addition of Target Park to the Upper East Side market, bringing their retail presence to the area.

Players

Brian Doyle

Booth Street

Broker

9 deals

Broker
H
HoldingsLandlord
TP
Target ParkTenant

Market 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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93