Olive Bite Leases Retail Space At 51 East 34th Street In Murray Hill
51 East 34th Street, New York, NY 10016
Building Size
2,200 SF
Asset Type
Retail
Closing
May 6, 2021
AI
An Olive Bite retail space located at 51 East 34th Street in Murray Hill has been leased. The deal was facilitated by brokers Ori Melloul and David Green from Kassin Sabbagh Realty, representing the tenant. The landlord, Beach Lane Management, was represented by Mark Scharfman. The retail space boasts approximately 2,200 square feet and was leased at an asking rent of $105 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 05/07/2021
- Address: 51 East 34th Street
- Market: Murray Hill
Olive Bite, represented by Ori Melloul and David Green from Kassin Sabbagh Realty, has leased a retail space located at 51 East 34th Street, Murray Hill. The lease transaction was facilitated by Mark Scharfman of Beach Lane Management, representing the landlord. The retail space spans approximately 2,200 square feet and was leased at an asking rent of $105 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93