Sophie's Cuban Cuisine Signs Lease At 593 First Avenue In Kips Bay For $150/ft
593 1st Avenue, Manhattan, New York, NY, USA
Building Size
1,550 SF
Asset Type
Mixed-use
Closing
Nov 12, 2020
AI
The mixed-use property located at 593 First Avenue in Kips Bay has recently been leased. The transaction was finalized on 11/13/2020.
Summary of transaction details
- Property Type: Mixed-use
- Tenant: Sophie's Cuban Cuisine
- Landlord: First 34 Realty LLC - Steve & George Tenedios
- Broker: Jordan Raphan - Kassin Sabbagh Realty
- Asking Rent: $150/ft.
- Square Footage: 1,550
The tenant for this leased space is Sophie's Cuban Cuisine. The landlord for the property is First 34 Realty LLC, represented by Steve & George Tenedios. The broker responsible for facilitating the deal is Jordan Raphan from Kassin Sabbagh Realty.
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