Centennial Properties Leases Retail Space On 42 Ave B In New York To Tenant At $105/ft
42 Ave B - South Store
$105
$105/SF
Building Size
750 SF
Asset Type
Retail
Closing
Apr 7, 2023
About this deal
AI
The property involved in this transaction is a retail space located at 42 Ave B - South Store in New York. The property is owned by Centennial Properties. The deal was facilitated by brokers Ben Biberaj and Elliot Wygoda from Meridian Capital Group. The asking rent for the space is $105 per square foot, with a total square footage of 750.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 04/07/2023
- Market: New York
Ben Biberaj and Elliot Wygoda from Meridian Capital Group played a key role in representing the landlord, Centennial Properties, in this lease transaction. The lease agreement was signed on 04/07/2023 for the retail space located at 42 Ave B - South Store in New York, with an asking rent of $105 per square foot for a total of 750 square feet.
Players
Chicago 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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93