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569 Lexington Avenue

Classic Barber Shop NYC Signs Modified Gross Lease For Retail Space At 569 Lexington Avenue - Turtle Bay, Manhattan
LEASEDRetail

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

Henry Rossignol

CBRE

Broker

10 deals

Broker
CN
Classic Barber Shop NYTenant

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