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209 7th Ave, New York, NY, ...

ISouvlaki Leases Space At 209 7th Ave In New York With Tenant's Rep Leo Likas
LEASED

ISouvlaki Leases Space At 209 7th Ave In New York With Tenant's Rep Leo Likas

209 7th Ave, New York, NY, 10011

Building Size

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 209 7th Ave, New York, NY, 10011, within the New York market. The asset is leased to iSouvlaki, with a square footage of 0.

Summary of transaction details:

This lease transaction features involvement from Leo Likas, representing the tenant, and Ben Biberaj, representing the landlord. The landlord is 169 West 22nd Street, LLC, while the tenant is iSouvlaki, highlighting the key participants engaged in this deal.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

202 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93