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
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