Natural Leaves And More Signs Lease For Retail Space In Lenox Hill, Manhattan
1156 2nd Avenue
$124
$124/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Nov 27, 2023
AI
The retail property located at 1156 Second Avenue in Lenox Hill, Manhattan has been leased. The property spans 1,400 square feet and was leased by Natural Leaves And More. The asking rent for the property was $124 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1156 Second Avenue, New York
- Market: Lenox Hill, Manhattan
- Landlord: Sean Lavin - 1156 Manhattan
- Tenant: Natural Leaves And More
- Brokers: James Famularo & Jacob Mayer - Meridian Capital Group, Eli Gold - Winick Realty Group
- Asking Rent: $124/ft
- SF: 1,400
The transaction was facilitated by James Famularo and Jacob Mayer of the Meridian Capital Group, along with Eli Gold of the Winick Realty Group.
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
127927.42%
Cash-on-Cash
-36562.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93