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
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