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7 W 51st St, New York, NY, ...

Maribella Hospitality Group Leases 17350 Square Feet From Sedesco At 7 W 51st St New York
LEASEDRetail

Maribella Hospitality Group Leases 17350 Square Feet From Sedesco At 7 W 51st St New York

7 W 51st St, New York, NY, 10104

Building Size

17,350 SF

Asset Type

Retail

Closing

Mar 31, 2022

AI

The property asset involved is located at 7 W 51st St, New York, NY, 10104, in the New York market. The total square footage of the property is 17,350. The landlord for this lease transaction is Sedesco.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 17,350
  • Address: 7 W 51st St, New York, NY, 10104
  • Market: New York
  • Landlord's Representative: Christopher Schwart-Cushman & Wakefield
  • Tenant: Maribella Hospitality Group
  • Landlord: Sedesco

Key individuals involved in this transaction include Christopher Schwart, who represents the landlord, Sedesco, in the lease arrangement with the tenant, Maribella Hospitality Group.

Players

Christopher Schwart

Cushman & Wakefield

Broker

2 deals

Broker
S
SedescoLandlord

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