Updated Nov 29, 2024
Buana Mia Pizza Leases Retail Space At 282 Third Ave. In New York, NY
282 Third Ave.
Building Size
—
Asset Type
—
Closing
Sep 6, 2022
About this deal
AI
The retail property located at 282 Third Ave in New York, NY has been leased. The property, spanning 1,700 square feet, was leased by Buana Mia Pizza. The landlord, Peak Capital, was represented by Ben Biberaj from Meridian Retail Leasing, while Shelton Franklin from Blair Partners represented the tenant. The asking rent for the space was $140 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Tenant: Buana Mia Pizza
- Landlord: Peak Capital
- Landlord's Rep: Ben Biberaj - Meridian Retail Leasing
- Tenant's Rep: Shelton Franklin - Blair Partners
- Asking Rent: $140/ft
- SF: 1,700
In this lease transaction, Buana Mia Pizza will occupy the retail space at 282 Third Ave. Peak Capital, the landlord, enlisted the representation of Ben Biberaj from Meridian Retail Leasing, while Shelton Franklin from Blair Partners acted as the tenant's representative. The lease agreement entailed an asking rent of $140 per square foot for the 1,700 square feet of retail space.
Players
Milford CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Deal FAQ
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