Updated Sep 9, 2024
Meridian Capital Group Secures Lease Transaction For Retail Space At 840 Second Avenue In New York
840 Second Ave
$140
$140/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
Mar 31, 2023
About this deal
AI
The retail property located at 840 Second Avenue in New York has recently been leased. The lease transaction was facilitated by Ben Biberaj and Elliot Wygoda from the Meridian Capital Group. The asking rent for the property was $140 per square foot and the total square footage of the space was 1,050 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 840 Second Avenue
- Market: New York
- Brokers: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
- Asking Rent: $140 per square foot
- Square Footage: 1,050 square feet
The leased retail space at 840 Second Avenue signifies a successful deal in the New York market. The involvement of Ben Biberaj and Elliot Wygoda from the Meridian Capital Group showcases their expertise in assisting clients with their lease transactions.
Players
Squamish 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
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93