Book Nook Enrichment Leases Retail Space At 557 West 59th St New York From Ashkenazy Acquisition Corp
557 West 59th St
Building Size
1,880 SF
Asset Type
Retail
Closing
Jan 1, 2019
About this deal
AI
The retail asset located at 557 West 59th St, New York encompasses a total of 1,880 square feet. The transaction was finalized on January 1, 2019, between the landlord, Ashkenazy Acquisition Corp., and the tenant, Book Nook Enrichment / Wise Wonder Enrichment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 557 West 59th St
- Market: New York
- Square Feet: 1880.0
- Tenant: Book Nook Enrichment / Wise Wonder Enrichment
- Landlord: Ashkenazy Acquisition Corp.
Thomas Caliendo from Tide Realty Group, along with Daniel D. DePasquale and Daniel Iwanicki, represented the involved parties in this leasing transaction, ensuring the agreement was successfully concluded.
On the Map
Retail
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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