facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1319 2nd Avenue

Antony Contomichalos Leases Retail Space To Fricoinc Pizza At 1319 2nd Avenue
LEASEDRetail

Antony Contomichalos Leases Retail Space To Fricoinc Pizza At 1319 2nd Avenue

1319 2nd Avenue

$170

$170/SF

Building Size

600 SF

Asset Type

Retail

Closing

Jan 30, 2025

AI

The retail asset located at 1319 2nd Avenue in the Upper East Side features a leased space measuring 600 square feet. The asking rent for this property was set at $170 per square foot under a Modified Gross Lease agreement.

Summary of transation details:

The transaction involved Antony Contomichalos as the landlord, leasing the space to Fricoinc Pizza, represented in the deal by broker Sara Lamstein from Meridian Capital Group. The agreement stipulates a modified gross lease, defining the responsibilities of the tenant and landlord regarding operating expenses.

Players

Sara Lamstein

Meridian Capital Group

Broker

12 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

93311.76%

Cash-on-Cash

-26668.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93