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1443 York Avenue, New York ...

Meridian Retail Leasing Facilitates Retail Lease For 1443 York Avenue In Manhattan Market
LEASEDRetail

Meridian Retail Leasing Facilitates Retail Lease For 1443 York Avenue In Manhattan Market

1443 York Avenue, New York City, New York 10021, United States

Building Size

1,000 SF

Asset Type

Retail

Closing

Sep 21, 2022

AI

1443 York Avenue, a retail property located in Manhattan, was recently leased. The deal was facilitated by Andrew Ingber of Meridian Retail Leasing, who represented the buyer in this transaction. The lease was signed on 09/22/2022, marking the official commencement of the agreement.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 1443 York Avenue
  • Market: Manhattan

The leasing transaction for the retail property at 1443 York Avenue was arranged by Andrew Ingber of Meridian Retail Leasing. The property spans approximately 1,000 square feet, and the asking rent for the space was $140 per square foot.

Players

Andrew Ingber

Meridian Capital Group

Broker

22 deals

Broker

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