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
About this deal
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.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93