Two Perry’s Restaurant Leases Retail Space At 127 Avenue C In Alphabet City
127 Avenue C, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 30, 2021
About this deal
AI
A retail property located at 127 Avenue C in Alphabet City has been leased. The transaction took place on 03/31/2021, with Two Perry's Restaurant as the tenant and Steve Croman as the landlord. The leasing of this retail space was facilitated by brokers James Famularo and Ben Biberaj from Meridian Retail Leasing. The asking rent for the 1,000 square feet space was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 127 Avenue C
- Market: Alphabet City
James Famularo and Ben Biberaj from Meridian Retail Leasing represented Two Perry's Restaurant in the leasing deal. Steve Croman served as the landlord for the 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93