Centennial Properties Leases South Store At 42 Ave B In New York
42 Ave B South Store
$105
$105/SF
Building Size
750 SF
Asset Type
Retail
Closing
Apr 7, 2023
About this deal
AI
A lease transaction has been completed for the retail property located at 42 Ave B in New York. The property, owned by Centennial Properties, was leased out to a tenant. The lease was facilitated by Ben Biberaj and Elliot Wygoda from the Meridian Capital Group. The asking rent for the property was $105 per square foot for a total of 750 square feet.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $105/ft
- Square Footage: 750
- Address: 42 Ave B - South Store
- Market: New York
- Landlord: Centennial Properties
- Brokers: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
The lease transaction was successfully completed under the representation of Ben Biberaj and Elliot Wygoda from the Meridian Capital Group. This deal highlights the expertise of these professionals in securing a lease agreement for the retail property on behalf of Centennial Properties.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93