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1220 Lexington Avenue, New ...

Peaky Barista Leases Retail Space At 1220 Lexington Avenue On The Upper East Side
LEASEDRetail

Peaky Barista Leases Retail Space At 1220 Lexington Avenue On The Upper East Side

1220 Lexington Avenue, New York City, New York 10028, United States

Building Size

1,050 SF

Asset Type

Retail

Closing

May 15, 2022

AI

An 1,050 square foot retail space located at 1220 Lexington Avenue in the Upper East Side has been leased. The lease was signed on 05/16/2022. The property is owned by Samy Mahfar and the tenant is Peaky Barista. The landlord's representatives in the deal were David Green, Ori Melloul, and Ike Bibi from KSR, while the tenant was represented by Bruno Reljic from Bond New York. The asking rent for the space was $160 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1220 Lexington Avenue
  • Market: Upper East Side

David Green, Ori Melloul, and Ike Bibi from KSR represented the landlord, Samy Mahfar, in the lease transaction. Bruno Reljic from Bond New York acted as the tenant's representative, ensuring a successful deal for Peaky Barista.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Samy Mahfar

SMA Equities

Landlord

$295M

vol

10 deals

Landlord

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