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450 7th Avenue North

Dunkin Donuts Leases Retail Space At 450 Seventh Avenue In New York
LEASEDRetail

Dunkin Donuts Leases Retail Space At 450 Seventh Avenue In New York

450 7th Avenue North

$300

$300/SF

Building Size

1,900 SF

Asset Type

Retail

Closing

Apr 3, 2023

AI

The retail property located at 450 Seventh Avenue (203-205 W 34th Street) in New York has been leased. The landlord, Kaufman Organization, has secured Dunkin Donuts as the tenant for this space.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 450 Seventh Avenue (203-205 W 34th Street), New York
  • Market: New York
  • Landlord: Kaufman Organization
  • Tenant: Dunkin Donuts
  • Landlord's Representative: James Famularo & Evan Roteman - Meridian Capital Group
  • Tenant's Representative: Richard Smith Soto
  • Asking Rent: $300/ft
  • Square Footage: 1,900

James Famularo and Evan Roteman from Meridian Capital Group represented the landlord, Kaufman Organization, in this lease transaction. Richard Smith Soto represented Dunkin Donuts as their broker.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

Market 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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93