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
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