Retail Lease Closed Between Dragon Family Of NY & Peter Hungerford On 1st Avenue
1109 1st Avenue
$106
$106/SF
Building Size
965 SF
Asset Type
Retail
Closing
Jun 6, 2024
About this deal
AI
The retail space located at 1109 1st Avenue in the Upper East Side was leased in a deal involving the landlord, Peter Hungerford, and the tenant, Dragon Family Of NY. The lease type for this transaction is a retail lease, with an asking rent of $106 per square foot for the 965 square feet space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1109 1st Avenue
- Market: Upper East Side
- Asset Type: Retail
- Landlord: Peter Hungerford
- Tenant: Dragon Family Of NY
- Brokers: Joseph Khojahiny - Meridian Capital Group & Yu Yong - Eastriver Realty Brokerage
- Asking Rent: $106 per square foot
- Square Footage: 965
- Lease Type: Retail Lease
The brokers involved in facilitating this retail lease were Joseph Khojahiny from Meridian Capital Group and Yu Yong from Eastriver Realty Brokerage. They played a crucial role in negotiating and finalizing the lease agreement between the landlord, Peter Hungerford, and the tenant, Dragon Family Of NY.
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
149650.94%
Cash-on-Cash
-42770.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93