Joanna Czech Leases Retail Space At 62 Grand Street, NYC
62 Grand Street, New York, NY, USA
Building Size
2,200 SF
Asset Type
Retail
Closing
Nov 19, 2020
About this deal
AI
The retail space located at 62 Grand Street - 3rd Floor has been leased to Joanna Czech. The lease transaction was facilitated by brokers Greg Goldberg & James Famularo from Meridian Capital Group. The property is owned by Pigranel Management Corp.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 62 Grand Street - 3rd Floor
- Tenant: Joanna Czech
- Landlord: Pigranel Management Corp.
- Brokers: Greg Goldberg & James Famularo - Meridian Capital Group
This lease deal marks the retail leasing team's 18th transaction in the immediate area. Other signed leases in the vicinity include Society Limonta at 78 Grand Street, Project RT at 40 Wooster Street, Bang Bang's tattoo studio on the ground floor at 62 Grand Street, Fueguia 1833, Dinosaur Designs, max-bone at 141 Grand Street, and Coco Pazzo restaurant at 160 Prince Street. Greg Goldberg, one of the brokers involved in this deal, mentioned that this is his fourth transaction in the building.
Players
City of Albany 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