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
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