ChipCityCookies Leases Retail Space At 1543 Second Avenue In Upper East Side
1543 2nd Avenue, Manhattan, New York, NY, USA
Building Size
123,524 SF
Asset Type
Mixed-use
Closing
May 4, 2021
AI
1543 Second Avenue, located in the Upper East Side, has been leased for retail purposes. The tenant, ChipCityCookies, has finalized the deal on May 5th, 2021. The property encompasses approximately 550 square feet and was listed for an asking price of $142 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 1543 Second Avenue
- Market: Upper East Side
The leasing process was facilitated by the following brokers and their respective agencies: Isaac Bijou and James Famularo from Meridian Retail Leasing, and Eddie Mamiye from Stately Ventures. Their combined expertise contributed to the successful completion of the lease agreement for ChipCityCookies.
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