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55 John Street

Updated Dec 4, 2024

Educational Housing Services Leases Retail Space To Tasty Picks At 55 John St. In Financial District
LEASEDRetail

Educational Housing Services Leases Retail Space To Tasty Picks At 55 John St. In Financial District

55 John Street

$110

$110/SF

Building Size

2,476 SF

Asset Type

Retail

Closing

Dec 1, 2023

About this deal

AI

Educational Housing Services has leased a retail property located at 55 John Street in the Financial District. The space covers approximately 2,476 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 12/01/2023
  • Address: 55 John Street
  • Market: Financial District
  • Landlord: Educational Housing Services
  • Tenant: Tasty Picks
  • Brokers: Andrew Stern & Ravi Idnani - Newmark
  • Asking Rent: $110/ft
  • Lease Type: Modified Gross Lease

Andrew Stern and Ravi Idnani from Newmark represented Tasty Picks in this lease transaction.

The retail lease at 55 John Street in New York, New York leased for $110 in 2023. The building is 2,476 square feet, implying about 110 per square foot on the published price. Ravi Idnani, Andrew Stern, Newmark appear on the lease alongside Newmark. This page is the New York, New York file for the 55 John Street retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 55 John Street around 2023. Published consideration for 55 John Street is $110, dated 2023. Cite this Educational Housing Services Leases Retail Space To Tasty Picks At 55 John St. In Financial District lease when underwriting similar retail product around New York, New York.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

80 deals

Broker
ES
Educational Housing ServicesLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $110 per square foot on a published $110 for 2,476 square feet (2023).

Visit Ravi Idnani to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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