MDM Grooming Leases 750 SF Retail Space At 1015 Sixth Avenue In Midtown Manhattan
1015 6th Avenue
$104
$104/SF
Building Size
750 SF
Asset Type
Retail
Closing
Dec 14, 2023
AI
The retail space located at 1015 Sixth Avenue (2nd Floor) in Midtown South, Manhattan has been leased. The property, spanning 750 square feet, was leased by MDM Grooming. The landlord, Paul Lyons of Helm Management, facilitated the deal. The lease was brokered by James Famularo and Bobby Ortense of Meridian Capital Group. The asking rent for the space was $104 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 1015 Sixth Avenue (2nd Floor)
- Market: Midtown South, Manhattan
- Tenant: MDM Grooming
- Landlord: Paul Lyons - Helm Management
- Brokers: James Famularo & Bobby Ortense - Meridian Capital Group
- Asking Rent: $104/ft
- Square Footage: 750
James Famularo and Bobby Ortense from Meridian Capital Group played a significant role in representing the tenant, MDM Grooming, during the lease negotiation process. Their expertise and efforts ensured a successful deal for all parties involved.
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
152528.85%
Cash-on-Cash
-43593.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93