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1410 Lexington Avenue, Manh...

Jokr NYC Leases Retail Space At 1410 Lexington Avenue On Upper East Side
LEASEDRetail

Jokr NYC Leases Retail Space At 1410 Lexington Avenue On Upper East Side

1410 Lexington Avenue, Manhattan, New York, NY, USA

Building Size

2,400 SF

Asset Type

Retail

Closing

Jun 1, 2020

AI

Located in the Upper East Side market, the retail property at 1410 Lexington Avenue recently underwent a lease transaction. The lease was signed by the tenant Jokr NYC, with the landlord being The Zar Group. The total square footage of the space is 2,400, and the asking rent was $100 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 06/01/2021
  • Address: 1410 Lexington Avenue
  • Market: Upper East Side

Representing the tenant Jokr NYC in the lease transaction is Kassin Sabbagh Realty. On the other side, the landlord is represented by James Famularo, Yoni Hadar, and Zeke Chernoff from Meridian Retail Leasing.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

371 deals

Broker
ZG
Zar GroupLandlord

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