Maya Tribeca Spa Leases Retail Space On Upper East Side For $60/ft
1134 1st Avenue
$60
$60/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 12, 2024
AI
The retail property located at 1134 1st Avenue in Upper East Side was leased for a total of 1,500 square feet on the 2nd floor. The landlord, David Khaloyan from EKT Equities, secured a deal with the tenant, Maya Tribeca Spa, for an asking rent of $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1134 1st Avenue (2nd Floor)
- Market: Upper East Side
- Landlord: David Khaloyan - EKT Equities
- Tenant: Maya Tribeca Spa
- Landlord's Rep: James Famularo - Meridian Capital Group
- Tenant's Rep: Yu Yong - Asian American Brokers
- Asking Rent: $60/ft
- Lease Type: Retail Lease
Notable individuals involved in this lease deal include James Famularo from Meridian Capital Group, representing the landlord, and Yu Yong from Asian American Brokers, serving as the tenant's representative.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93