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1371 1st Avenue

LC Lemle Real Estate Group Leases Retail Space At 1371 First Avenue In New York For $220/ft
LEASEDRetail

LC Lemle Real Estate Group Leases Retail Space At 1371 First Avenue In New York For $220/ft

1371 1st Avenue

$220

$220/SF

Building Size

500 SF

Asset Type

Retail

Closing

Nov 8, 2022

AI

The retail property located at 1371 First Avenue in New York has been leased. The landlord for this transaction is LC Lemle Real Estate Group. The deal was facilitated by Andrew Ingber from Meridian Capital Group. The property has a total area of 500 square feet and the asking rent was set at $220 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1371 First Avenue, New York
  • Market: New York
  • Landlord: LC Lemle Real Estate Group
  • Broker: Andrew Ingber - Meridian Capital Group
  • Asking Rent: $220 per square foot
  • Total Area: 500 square feet

This lease deal showcases the collaboration between LC Lemle Real Estate Group as the landlord and Andrew Ingber from Meridian Capital Group, who represented the tenant. The transaction was completed on November 8, 2022.

Players

Andrew Ingber

Meridian Capital Group

Broker

22 deals

Broker
LG
Lc Lemle Real Estate GroupLandlord

City of Schenectady 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