Taco Bell Leases 2650 Square Feet From Relgold LLC At 1266 1st Ave New York
1266 1st Ave, New York, NY, 10065
Building Size
2,650 SF
Asset Type
Retail
Closing
Feb 25, 2020
About this deal
AI
The property located at 1266 1st Ave, New York, NY, 10065 encompasses a total square footage of 2,650. The transaction is situated within the New York market and involves Taco Bell as the tenant and Relgold LLC as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1266 1st Ave, New York, NY, 10065
- Market: New York
- Tenant: Taco Bell
- Landlord: Relgold LLC
- Square Feet: 2650
- Tenant's Representative: Joseph DiSalvo - Marcus & Millichap
- Landlord's Representatives: Harrison Abramowitz - Newmark Grubb Knight Frank, Jason Pruger - Newmark
The deal features prominent representatives from both sides, with Joseph DiSalvo from Marcus & Millichap representing Taco Bell as the tenant. On the landlord's side, Harrison Abramowitz and Jason Pruger from Newmark are the respective representatives for Relgold LLC, ensuring the transaction proceeds smoothly.
On the Map
Retail
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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