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
About this deal
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.
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Retail
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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