Antonio's Pizza Leases Retail Space At 128 Second Avenue In East Village
128 2nd Avenue, New York, NY 10003, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Feb 22, 2021
About this deal
AI
The property asset involved in this transaction is located at 128 Second Avenue in the East Village. It is designated as a retail asset with an asking rent of $240 per square foot and encompasses 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240/ft.
- Address: 128 Second Avenue
- Market: East Village
- Tenant: Antonio's Pizza
- Landlord: Icon Realty
- Brokers: Yoni Hadar & James Famularo - Meridian Retail Leasing
The deal involves key individuals Yoni Hadar and James Famularo, who are brokers representing the transaction. Their agency, Meridian Retail Leasing, facilitated the arrangement between tenant Antonio's Pizza and landlord Icon Realty.
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