facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

557 West 59th St

Book Nook Enrichment Leases Retail Space At 557 West 59th St New York From Ashkenazy Acquisition Corp
LEASEDRetail

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

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.

Players

Thomas Caliendo

Tide Realty Group

Broker

$7.6M

vol

47 deals

Broker
AC
Ashkenazy Acquisition Corp.Landlord
BE
Book Nook Enrichment / Wise Wonder EnrichmentTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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