Host Hospitality Signs Lease For Retail Space At 132 2nd Avenue In New York City
132 2nd Avenue
$220
$220/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Jan 15, 2023
About this deal
AI
The retail property located at 132 2nd Avenue in New York City has recently been leased. The lease transaction involved a total of 4,000 square feet of space. The tenant, Host Hospitality, has entered into an agreement with the landlords, Roy Epstein and Lynda Blumberg. The lease was facilitated by the brokers Jeff Geoghegan, David Green, and Ike Bibi from KSR. The asking rent for the property was $220 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Tenant: Host Hospitality
- Landlord: Roy Epstein & Lynda Blumberg
- Brokers: Jeff Geoghegan, David Green & Ike Bibi - KSR
- Asking Rent: $220/ft
- Square Footage: 4,000
Host Hospitality will now occupy the retail space at 132 2nd Avenue in New York City, after reaching an agreement with the landlords, Roy Epstein and Lynda Blumberg. The deal was facilitated by the brokers Jeff Geoghegan, David Green, and Ike Bibi from KSR. The lease transaction involved a total of 4,000 square feet of space and an asking rent of $220 per square foot.
Players
New York City 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
72104.55%
Cash-on-Cash
-20607.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93