Jets Pizza Leases Retail Space At 1165 Second Ave In Lenox Hill With Brokers James Famularo & John Roesch
1165 2nd Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Sep 24, 2020
AI
The retail property located at 1165 Second Ave in Lenox Hill has been leased by Jets Pizza. The lease transaction was facilitated by brokers James Famularo and John Roesch from Meridian Capital Group. The lease was finalized on September 25, 2020, with an asking rent of $100 per square foot for a total space of 1,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 9/25/2020
- Address: 1165 Second Ave
- Market: Lenox Hill
- Asking Rent: $100/ft.
- Square Footage: 1,000
James Famularo and John Roesch, representing Meridian Capital Group, played a pivotal role in securing the lease for Jets Pizza at 1165 Second Ave in Lenox Hill.
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