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5 Tudor City Place

LEASEDRetail

Biscuits & Bath Leases Murray Hill Retail Space At 5 Tudor City Place

5 Tudor City Place

$96

$96/SF

Building Size

600 SF

Asset Type

Retail

Closing

Dec 21, 2023

AI

New York-based real estate firm, Meridian Capital Group, recently facilitated a lease transaction in the Murray Hill market. The property involved is a retail space located at 5 Tudor City Place. The lease was finalized on December 21, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $96 per square foot
  • Size: 600 square feet
  • Address: 5 Tudor City Place
  • Market: Murray Hill

The landlord of this retail space is Drew Moschella, representing Windsor Owners Corp. The tenant involved in the lease agreement is Biscuits & Bath.

James Famularo and Jacob Mayer, from Meridian Capital Group, acted as the brokers in this transaction, representing both the landlord and tenant.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker

Drew Moschella

Windsor Owners Corp

Landlord

2 deals

Landlord
BB
Biscuits & BathTenant

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

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93