Meridian Capital Group Represents ALMAS Convenient Corp In Retail Lease Deal At 1173 A Second Avenue, Upper East Side, Manhattan
$192
$192/SF
Building Size
500 SF
Asset Type
Retail
Closing
Oct 26, 2023
About this deal
AI
The property involved in this lease transaction is a retail space located at 1173 A Second Avenue in the Upper East Side of Manhattan. It is owned by Robert Jaffee, who represents Force Capital as the landlord. The tenant in this transaction is ALMAS Convenient Corp. The leasing of this retail space was facilitated by James Famularo, Jacob Mayer, and Noam Aziz of Meridian Capital Group, who served as the brokers.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 1173 A Second Avenue
- Market: Upper East Side, Manhattan
James Famularo, Jacob Mayer, and Noam Aziz of Meridian Capital Group played crucial roles as brokers in this lease deal. They worked closely with the landlord, Robert Jaffee, and the tenant, ALMAS Convenient Corp, to facilitate the transaction.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit James Famularo to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
82619.79%
Cash-on-Cash
-23612.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93