LEASEDRetail
Bill’s Supper Club Leases Retail Space In Midtown Manhattan At 57 East 54th Street With Broker's Rep James Famularo - Meridian Retail Leasing
57 East 54th Street, New York City, New York 10022, United States
Building Size
8,000 SF
Asset Type
Retail
Closing
Feb 20, 2022
About this deal
AI
Bill's Supper Club has signed a lease for a retail space located at 57 East 54th Street in Midtown. The property, spanning 8,000 square feet, was leased at an asking rent of $60 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 02/21/2022
- Property Address: 57 East 54th Street
- Market: Midtown
- Tenant: Bill's Supper Club
- Broker: James Famularo - Meridian Retail Leasing
- Asking Rent: $60/ft.
James Famularo from Meridian Retail Leasing represented Bill's Supper Club in this lease transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93