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1324 Lexington Avenue, Manh...

Tal Bagels Leases Retail Space At 1324 Lexington Avenue In Carnegie Hill
LEASEDRetail

Tal Bagels Leases Retail Space At 1324 Lexington Avenue In Carnegie Hill

1324 Lexington Avenue, Manhattan, New York, NY, USA

Building Size

1,500 SF

Asset Type

Retail

Closing

Dec 2, 2020

AI

The retail property located at 1324 Lexington Avenue in Carnegie Hill has been leased. The asset, spanning 1,500 square feet, was leased to Tal Bagels. The lease was facilitated by James Famularo of Meridian Retail Leasing, representing the tenant, and Laura Lemle, the landlord.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $200/ft.
  • Square Footage: 1,500
  • Date: 12/03/2020
  • Market: Carnegie Hill

The deal represents the successful lease of the retail space to Tal Bagels. James Famularo of Meridian Retail Leasing acted as the broker, representing the tenant, while Laura Lemle served as the landlord. The lease was finalized on 12/03/2020, in the bustling market of Carnegie Hill.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

365 deals

Broker

Laura Lemle

Meridian Capital Group

Landlord

$8M

vol

5 deals

Landlord

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