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1147 2nd Avenue, New York C...

Stonehenge's Vero Social Wine Bar Signs Lease For Upper East Side Retail Space
LEASEDRetail

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

Claude Kolb

Lee & Associates

Broker

40 deals

Broker
Ofer Yardeni

Ofer Yardeni

Stonehenge Partners

Landlord

$892.6M

vol

12 deals

Landlord

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