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1068 Second Avenue

Updated Oct 28, 2024

Dim Sum Garden Leases Retail Space In Sutton Place
SOLD

Dim Sum Garden Leases Retail Space In Sutton Place

1068 Second Avenue

Building Size

Asset Type

Closing

Sep 15, 2022

About this deal

AI

The retail property located at 1068 Second Avenue in Sutton Place has been leased. The tenant, Dim Sum Garden, will occupy the space. The total square footage of the property is 1,600. The deal was facilitated by James Famularo from Meridian Retail Leasing, who represented the tenant, and Ben Biberaj, also from Meridian Retail Leasing, who represented the landlord.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenant: Dim Sum Garden
  • Tenant's Representative: James Famularo - Meridian Retail Leasing
  • Landlord's Representative: Ben Biberaj - Meridian Retail Leasing
  • Asking Rent: $120/ft.

Note: No additional information is available regarding the transaction.

Players

DG
Dim Sum GardenTenant

Squamish CRE Market Snapshot

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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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