Iron Core Hardware Leases Retail Space From Mac Arthur Properties At 1320 2nd Avenue
1320 2nd Avenue
$128
$128/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 31, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 1320 2nd Avenue in the Lenox Hill market. The asking rent for the space is $128 per square foot, with a total size of 1,500 square feet. The lease type is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $128/ft
- Square Footage: 1,500
- Address: 1320 2nd Avenue
- Market: Lenox Hill
- Landlord: Mac Arthur Properties
- Tenant: Iron Core Hardware
- Brokers: Josh Vilinsky & Albert Manopla - KSR
This lease transaction features important participants including the landlord, Mac Arthur Properties, and the tenant, Iron Core Hardware. The brokers representing the landlord in this deal are Josh Vilinsky and Albert Manopla from KSR.
On the Map
$128
$128/SF
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
123929.69%
Cash-on-Cash
-35419.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93