Cacio E. Pepe Leases Retail Space At 1479 York Avenue In Upper East Side With Landlord Ira Lifshutz
1479 York Avenue, Manhattan, New York, NY, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Feb 7, 2021
AI
A retail property located at 1479 York Avenue in the Upper East Side neighborhood of New York City has been leased. The property, spanning 3,000 square feet, was leased by Cacio E. Pepe. The landlord in this transaction is Ira Lifshutz.
Summary of transaction details
- Property Type: Retail
- Date: 02/08/2021
- Address: 1479 York Avenue
- Market: Upper East Side
The lease deal was facilitated by brokers David Green and Daniel Kestenbaum from Kassin Sabbagh Realty. The asking rent for the property was $120 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