TheSaltMediterranean Leases Mixed-Use Space At 1123 First Ave. In Lenox Hill
1123 Park Ave, Lenox Hill, New York, NY, USA
Building Size
1,750 SF
Asset Type
Mixed-use
Closing
Apr 8, 2021
About this deal
AI
The mixed-use property located at 1123 First Ave. in Lenox Hill has recently been leased. The transaction took place on 04/09/2021.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Rent: $140/ft.
- Size: 1,750 square feet
- Market: Lenox Hill
The tenant for this property is @TheSaltMediterranean. The landlord, Ron Sirkin, represents First Ave. Holdings in this lease deal. The brokers involved in the transaction are Claude Kolb and Jeff Geoghegan, both from Kassin Sabbagh Realty.
Traded’s record for 1123 Park Ave, Lenox Hill, New York, NY, USA in New York, New York covers a mixed use lease from 2021. Published size for 1123 Park Ave, Lenox Hill, New York, NY, USA is 1,750 square feet. Jeff Geoghegan, Claude Kolb, Kassin Sabbagh Realty appear on the lease alongside Kassin Sabbagh Realty. This page is the New York, New York file for the 1123 Park Ave, Lenox Hill, New York, NY, USA mixed use leased: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else leased near 1123 Park Ave, Lenox Hill, New York, NY, USA around 2021. Cite this TheSaltMediterranean Leases Mixed-Use Space At 1123 First Ave. In Lenox Hill lease when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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