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49 Prince Street

Granado NYC INC Leases Retail Space At 49 Prince Street Manhattan For $27,500 Monthly
LEASEDRetail

Granado NYC INC Leases Retail Space At 49 Prince Street Manhattan For $27,500 Monthly

49 Prince Street

$60

$60/SF

Building Size

540 SF

Asset Type

Retail

Closing

Sep 1, 2024

AI

The asset involved in this transaction is a retail property located at 49 Prince Street in the Manhattan market. The property encompasses a total area of 540 square feet, with an asking rent of $610 per square foot and a monthly rent amounting to $27,500. The lease type is categorized as a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $27,500
  • Address: 49 Prince Street
  • Market: Manhattan
  • Tenant: Granado NYC INC
  • Landlord's Representative: Preeti Mirani - Besen Partners
  • Tenant's Representative: David J. Baker - Sinvin Realty, LLC

This deal features key representatives in the transaction, with Preeti Mirani representing the landlord and David J. Baker representing the tenant. Each broker played a vital role in facilitating the lease agreement between Granado NYC INC and the property owner.

Players

David Baker

Broker

5 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93