ZG Capital Partners Leases Retail Space To The Herbal Care At 1412 Lexington Avenue On Upper East Side
1412 Lexington Avenue
$100
Building Size
—
Asset Type
Retail
Closing
Jan 2, 2024
About this deal
AI
ZG Capital Partners has completed a retail lease transaction on the Upper East Side of Manhattan. The property, located at 1412 Lexington Avenue, spans 2,700 square feet and was leased to The Herbal Care. The lease was negotiated by Kevin Bisconti and Max Kemp from Meridian Capital Group, representing the landlord, ZG Capital Partners. Abraham Smouha from RJB Real Estate represented The Herbal Care as their tenant's representative.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 2,700
- Address: 1412 Lexington Avenue
- Market: Upper East Side
The key individuals and companies involved in this deal were Kevin Bisconti, Max Kemp, and Abraham Smouha. Kevin Bisconti and Max Kemp, representing Meridian Capital Group, acted as the landlord's representatives for ZG Capital Partners. Abraham Smouha served as the tenant's representative for The Herbal Care, negotiating the lease terms on their behalf.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93