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128 2nd Avenue, New York, N...

Antonio's Pizza Leases Retail Space At 128 Second Avenue In East Village
LEASEDRetail

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
Icon Realty Management
Icon Realty ManagementLandlord

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