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
About this deal
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.
On the Map
$220
$220/SF
Retail
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Players
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