Maslo Realty Leases Retail Space At 56 East 41st Street In Grand Central For $70/ft
56 East 41st Street
$70
$70/SF
Building Size
7,600 SF
Asset Type
Retail
Closing
Dec 3, 2024
AI
The retail asset located at 56 East 41st Street in the Grand Central market is under a single net lease agreement. The asking rent for this property is $70 per square foot, covering a total area of 7,600 square feet. The landlord of this property is Maslo Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Square Footage: 7,600
- Lease Type: Single Net Lease
- Address: 56 East 41st Street
- Market: Grand Central
- Landlord: Maslo Realty
- Brokers: Danny Volk - Vantage Real Estate Advisors & Alexander Karas - Winick Realty Group
The transaction involved key representatives from the brokerage firms, with Danny Volk representing Vantage Real Estate Advisors and Alexander Karas representing Winick Realty Group in the negotiation and arrangement of this lease deal.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93