Apple Bank Leases Retail Space At 111 4th Avenue In New York City With Tenant's Rep Jenna Heidenberg & David Firestein - SCG Retail And Landlord's Rep Ben Biberaj & Elliot Wygoda - Meridian Capital Group At $130/ft
111 4th Ave Brooklyn, NY 11217, USA
$130
$130/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
May 10, 2023
AI
The retail property located at 111 4th Avenue in New York City has recently been leased. The tenant for this property is Apple Bank. Representing Apple Bank in this transaction are Jenna Heidenberg and David Firestein from SCG Retail. On the other side, representing the landlord, are Ben Biberaj and Elliot Wygoda from Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
The leasing deal for the retail property at 111 4th Avenue involves Apple Bank as the tenant. The tenant's representatives from SCG Retail, Jenna Heidenberg and David Firestein, worked alongside the landlord's representatives from Meridian Capital Group, Ben Biberaj and Elliot Wygoda, to facilitate this transaction. The specific terms of the lease, such as the square footage and the rent amount, have not been disclosed in the provided information.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93