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
About this deal
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
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