Symbelle Spa Leases Retail Space At 1504 2nd Avenue, New York City From Friedland Properties
1504 2nd Ave New York, NY 10075, USA
$140
$140/SF
Building Size
1,978 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
The retail space located at 1504 2nd Avenue in New York City has been leased. The property, owned by Friedland Properties, will now be occupied by Symbelle Spa. The deal was facilitated by James Famularo from Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Address: 1504 2nd Avenue, New York City
- Market: New York City
- Tenant: Symbelle Spa
- Landlord: Friedland Properties
- Broker: James Famularo - Meridian Capital Group
Symbelle Spa will now occupy the 1,978 square feet retail space at 1504 2nd Avenue. This lease deal was facilitated by James Famularo from Meridian Capital Group, representing the landlord, Friedland Properties.
On the Map
$140
$140/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93