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:
- Property Type: Retail
- Transaction Amount: $123/ft
- Lease Term: 10 Years
- Asset Address: 1158 2nd Avenue
- Market: Lenox Hill, Manhattan
- Landlord: Shaun Jodani
- Tenant: Charlotte Cafe
- Landlord's Representative: Nathan Aballi & Claude Kolb - Kassin Sabbagh Realty
- Tenant's Representative: Edmund Shammah & Ely Akiva - Tri State Commercial Realty
- Square Footage: 1,200
- Lease Type: Modified Gross Lease
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
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