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50 East 61st Street

RFR Realty Leases Retail Space To Coolspa At 50 E 61st Street, Upper East Side
LEASEDRetail

RFR Realty Leases Retail Space To Coolspa At 50 E 61st Street, Upper East Side

50 East 61st Street

$150

$150/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Oct 27, 2022

AI

A retail space located at 50 E 61st Street in the Upper East Side has been leased. The property, owned by RFR Realty, will now be occupied by Coolspa. The lease deal was facilitated by the brokers from Retail By MONA. Brandon Singer, Max Kreinces, and Suzanne Bernstock represented the landlord, while Kim Levandovsky represented the tenant.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Asking Rent: $150/ft.
  • Square Footage: 2,500
  • Address: 50 E 61st Street
  • Market: Upper East Side

The landlord, RFR Realty, and the tenant, Coolspa, have successfully reached an agreement on the lease of the retail space. This deal was negotiated by the respective brokers from Retail By MONA. Brandon Singer, Max Kreinces, and Suzanne Bernstock represented RFR Realty, while Kim Levandovsky represented Coolspa.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93