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1167 2nd Avenue

Billies Leases Retail Space On Upper East Side From Harlington Realty
LEASEDRetail

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93