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51 East 34th Street, New Yo...

Olive Bite Leases Retail Space At 51 East 34th Street In Murray Hill
LEASEDRetail

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

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker

Mark Scharfman

Beach Lane Management

Landlord

$44M

vol

6 deals

Landlord

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