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
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