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1158 2nd Avenue

Charlotte Cafe Signs 10 Year Lease At 1158 2nd Avenue In Lenox Hill With Nathan Aballi & Claude Kolb As Landlord's Representatives
LEASEDRetail

Charlotte Cafe Signs 10 Year Lease At 1158 2nd Avenue In Lenox Hill With Nathan Aballi & Claude Kolb As Landlord's Representatives

1158 2nd Avenue

$123

$123/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Apr 3, 2025

AI

The retail asset located at 1158 2nd Avenue in Lenox Hill, Manhattan features an asking rent of $123 per square foot and encompasses a total area of 1,200 square feet. The lease term established for this property is 10 years, categorized under a Modified Gross Lease.

Summary of transaction details:

Nathan Aballi and Claude Kolb represented the landlord, Shaun Jodani, in this lease transaction, while Edmund Shammah and Ely Akiva acted as representatives for the tenant, Charlotte Cafe. The collaboration between these representatives facilitated the successful lease execution for the retail space.

Players

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

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

128967.48%

Cash-on-Cash

-36859.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93