Habendum Real Estate Leases Retail Space To Chamoun’s Way Mediterranean QSR At 1237 1st Avenue, Lenox Hill
1237 1st Avenue, Manhattan, New York, NY, USA
Building Size
1,050 SF
Asset Type
Retail
Closing
Oct 18, 2020
AI
The retail property located at 1237 1st Avenue in Lenox Hill has been leased. The tenant, Chamoun’s Way Mediterranean QSR, will occupy a space measuring 1,050 square feet. The asking rent for this retail space was $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 1237 1st Avenue
- Market: Lenox Hill
The landlord of the property is Moshe Schmuelian. The brokers involved in this deal were Nicolas Nitu from Habendum Real Estate. Nicolas Nitu can be contacted at 917-885-4878. Habendum Real Estate specializes in commercial leasing and sales, representing landlords and tenants throughout the five boroughs.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93