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:
- Property Type: Retail
- Transaction Amount: $14,000/month
- Lease Type: Modified Gross Lease
- Sublandlord: Cacio E Pepe
- Subtenant: Altamirano's
- Landlord's Representative: Claude Kolb - KSR
- Tenant's Representatives: Cole Kleppinger & James Famularo - Meridian Capital Group
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
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