Classic Barber Shop NYC Signs Modified Gross Lease For Retail Space At 569 Lexington Avenue - Turtle Bay, Manhattan
569 Lexington Avenue
$200
$200/SF
Building Size
402 SF
Asset Type
Retail
Closing
Sep 13, 2023
AI
A retail space located at 569 Lexington Avenue - Space E in Turtle Bay, Manhattan has been leased. The property has a total area of 402 square feet. The landlord, Oliver Strouse, represents Hawkins Way Properties as the owner of the space. The tenant for this lease is Classic Barber Shop NYC.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $200/ft
- Square Footage: 402 sq ft
- Address: 569 Lexington Avenue - Space E, Turtle Bay, Manhattan
- Landlord: Oliver Strouse - Hawkins Way Properties
- Tenant: Classic Barber Shop NYC
In brokering this deal, the landlord was represented by Anthony Stanford and Henry Rossignol from CBRE. Noam Aziz from Meridian Capital Group acted as the tenant's representative.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93