Kyoto Spot Japanese Cuisine Leases Retail Space In Midtown Manhattan
1001 Avenue of the Americas, Manhattan, New York, NY, USA
Building Size
1,859 SF
Asset Type
Retail
Closing
Feb 22, 2021
AI
The retail property located at 1001 Avenue of the America in Midtown has been leased. The lease was finalized on February 23, 2021. The property spans 1,859 square feet and is owned by ABS Partners Real Estate.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
The tenant for this leased space is Kyoto Spot Japanese Cuisine. The deal was facilitated by brokers Jordan Raphan from KSR and Dean Valentino from ABS Partners Real Estate. The terms of the lease include a rental rate of $140 per square foot.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93