Campagnola Steakhouse II Leases Retail Space In New York's First Avenue For $200/ft
1456 First Avenue
$200
$200/SF
Building Size
4,121 SF
Asset Type
Retail
Closing
Sep 29, 2022
About this deal
AI
The retail property located at 1456 First Avenue in New York has been leased. The asset, measuring 4,121 square feet, was leased at an asking rent of $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1456 First Avenue
- Market: New York
- Tenant: Campagnola Steakhouse II
- Tenant's Representative: James Famularo - Meridian Capital Group
- Landlord's Representative: Brandon Singer - Mona Retail Holdings
- Asking Rent: $200/ft.
The leasing deal for the retail property was facilitated by James Famularo of Meridian Capital Group, representing the tenant, Campagnola Steakhouse II. Brandon Singer of Mona Retail Holdings acted as the landlord's representative in the transaction.
Players
Howell 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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93