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
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