Billies Leases Retail Space On Upper East Side From Harlington Realty
1167 2nd Avenue
$110
$110/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Mar 20, 2024
AI
The retail property located at 1167 2nd Avenue in the Upper East Side was leased to Billies. The transaction involved an asking rent of $110 per square foot for a total space of 1,100 square feet. The landlord of the retail space is Harlington Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 1167 2nd Avenue
- Market: Upper East Side
Jack Hamadani, Albert Manopla, Jack Khaski, and Jack Mishaan from KSR facilitated the retail lease deal between the landlord, Harlington Realty, and the tenant, Billies.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93