facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1421 Mermaid Avenue

Updated Oct 29, 2024

Coney Island Prep Signs Lease For Retail Space At 1421 Mermaid Avenue, New York City
LEASEDRetail

Coney Island Prep Signs Lease For Retail Space At 1421 Mermaid Avenue, New York City

1421 Mermaid Avenue

$40

$40/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Mar 1, 2023

About this deal

AI

The leased property located at 1421 Mermaid Avenue in New York City has recently been transacted. The asset type for this transaction is retail, comprising a total area of 6,000 square feet. The lease was facilitated by Meyer Dagmy from Mod_CRE, representing the landlord, Zoriano Realty, and the tenant, Coney Island Prep. The rental price for the space was set at $40 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Address: 1421 Mermaid Avenue, New York City
  • Market: New York City
  • Broker: Meyer Dagmy (Mod_CRE) - MOD
  • Landlord: Zoriano Realty
  • Tenant: Coney Island Prep
  • Asking Rent: $40 per square foot
  • Square Footage: 6,000

Meyer Dagmy from Mod_CRE played a crucial role as the broker representing both the landlord, Zoriano Realty, and the tenant, Coney Island Prep, in this lease transaction. It is worth noting that MOD is also actively seeking space for additional daycare operators. Interested property owners and brokers can reach out to MOD at [email protected] with any relevant space available.

Players

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

95 deals

Broker
ZR
Zoriano RealtyLandlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

About $40 per square foot on a published $40 for 6,000 square feet (2023).

Visit Meyer Dagmy to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets