facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1320 2nd Avenue

Iron Core Hardware Leases Retail Space From Mac Arthur Properties At 1320 2nd Avenue
LEASEDRetail

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

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.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 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

123929.69%

Cash-on-Cash

-35419.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93