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
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93