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1479 York Avenue

Cacio E Pepe Subleases Retail Space At 1479 York Avenue To Altamirano's For $14,000/month
LEASEDRetail

Cacio E Pepe Subleases Retail Space At 1479 York Avenue To Altamirano's For $14,000/month

1479 York Avenue

$1

$1/SF

Building Size

2,900 SF

Asset Type

Retail

Closing

Mar 21, 2025

AI

The property asset involved in this transaction is a retail space located at 1479 York Avenue in the Upper East Side market. The listed square footage of the space is 2,900 SF, and the asking rent is $14,000 per month under a Modified Gross Lease.

Summary of transaction details:

The deal highlights Cacio E Pepe, which has transitioned their business to the new tenant, Altamirano's. Claude Kolb from KSR represented the landlord, while Cole Kleppinger and James Famularo from Meridian Capital Group represented the tenant in this transaction.

Players

Claude Kolb

Lee & Associates

Broker

40 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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93