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Lease · Retail

Meridian Capital Group Represents ALMAS Convenient Corp In Retail Lease Deal At 1173 A Second Avenue, Upper East Side, Manhattan
LEASEDRetail

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

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
FC
Force CapitalLandlord

Market 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

82619.79%

Cash-on-Cash

-23612.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93