AYM Tax Services Signs Retail Lease At 601 West 177th Street With Landlord David Eshaghpour
601 West 177th Street
$127
$127/SF
Building Size
660 SF
Asset Type
Retail
Closing
Jul 15, 2024
About this deal
AI
The property asset involved in this transaction is located at 601 West 177th Street in the Washington Heights area of Manhattan. It is a retail asset with a total square footage of 660. The asking rent for this lease is set at $127 per square foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $127/ft
- Landlord: David Eshaghpour - East Coast Management
- Tenant: AYM Tax Services
- Broker: Daniel Rachline - Meridian Capital Group
The deal features representation from Daniel Rachline of Meridian Capital Group, who facilitated the transaction on behalf of the landlord and tenant, ensuring a smooth negotiation process for the lease.
On the Map
$127
$127/SF
Retail
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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
124905.51%
Cash-on-Cash
-35698.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93