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62 Grand Street, New York, ...

Updated Oct 29, 2024

Joanna Czech Leases Retail Space At 62 Grand Street, NYC
LEASEDRetail

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

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

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

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