Stonehenge's Vero Social Wine Bar Signs Lease For Upper East Side Retail Space
1147 2nd Avenue, New York City, New York 10065, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Jan 30, 2022
AI
The retail property located at 1147 Second Ave. in the Upper East Side has been leased. The lease was finalized on January 31, 2022. The property is owned by Stonehenge, represented by Ofer Yardeni. The tenant for the property is Vero Social Wine Bar. The lease was facilitated by broker Claude Kolb from KSR. The asking rent for the property was $150 per square foot, and the total square footage of the space is 1,100 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1147 Second Ave.
- Market: Upper East Side
The lease agreement for the retail space at 1147 Second Ave. on the Upper East Side was successfully negotiated between Stonehenge, represented by Ofer Yardeni, and Vero Social Wine Bar. The deal was facilitated by broker Claude Kolb from KSR. The asking rent for the 1,100 square foot space was $150 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93