Tobacco 'N Vape Leases 1200 Square Feet At 1171 2nd Ave New York From 1171 & 1173 Second
1171 2nd Ave, New York, NY, 10065
Building Size
1,200 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The lease property located at 1171 2nd Ave, New York, NY, 10065 encompasses an area of 1200 square feet. This property is situated within the New York market and is owned by 1171 & 1173 Second.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1171 2nd Ave, New York, NY, 10065
- Landlord: 1171 & 1173 Second
- Tenant: Tobacco 'N Vape
- Landlord's Representative: Charles Rapuano, Daniyel Cohen - Winick Realty Group
Charles Rapuano and Daniyel Cohen from Winick Realty Group represent the landlord in this leasing transaction, facilitating the agreement between the landlord and the tenant, Tobacco 'N Vape.
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