Meridian Capital Group Facilitates 5-Year Retail Lease Deal For Unregular Pizza In New York City
12 E 37th St #14 New York, Ny 10016, Usa
$105
$105/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
May 2, 2023
About this deal
AI
The retail property located at 12-14 East 37th Street in New York City has been leased. The tenant, Unregular Pizza, has signed a 5-year lease term for the 2,000 square feet space. The landlord, Morris Bildirici, has agreed to an asking rent of $105 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $105 per square foot
- Lease Term: 5 years
- Address: 12-14 East 37th Street, New York City
- Tenant: Unregular Pizza
- Landlord: Morris Bildirici
- Brokers: Garrett Kelly, John Roesch & Kevin Bisconti - Meridian Capital Group
The deal was facilitated by the brokers Garrett Kelly, John Roesch, and Kevin Bisconti from Meridian Capital Group. They represented the tenant, Unregular Pizza, in the lease transaction.
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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93