American Development Group Leases Retail Space To Optometry Group At 1760 2nd Avenue In New York City With Landlord's Rep Mark Tergesen & Cooper Katz From ABS Partners Real Estate
1760 2nd Avenue, New York City, New York 10016, United States
$105
$105/SF
Building Size
1,840 SF
Asset Type
Retail
Closing
Oct 31, 2022
AI
The retail property located at 1760 2nd Avenue in New York City has recently been leased by Optometry Group. The lease term is set for 15 years, starting from the 31st of October 2022. The property, spanning approximately 1,840 square feet, was leased at an asking rent of $105 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1760 2nd Avenue
- Market: New York City
The landlord for this lease transaction is American Development Group, represented by Mark Tergesen and Cooper Katz from ABS Partners Real Estate. On the other hand, Optometry Group was represented by Evan Gasman.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93