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
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