Luxe Aesthetics Signs Lease For Retail Space In East Harlem - Meridian Brokers Represent Tenant
1590 Lexington Avenue, Manhattan, New York, NY, USA
Building Size
400 SF
Asset Type
Retail
Closing
Oct 1, 2020
About this deal
AI
The retail space located at 1590 Lexington Avenue (Space B) in East Harlem has an asking rent of $89.85 per square foot and encompasses an area of 400 square feet. The property is under the ownership of 9300 Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $89.85/ft.
- Square Footage: 400
- Tenant: Luxe Aesthetics
- Landlord: 9300 Realty
- Brokers: James Famularo, Dane Harlowe, Logan Ryan & Robert Mulholland - Meridian
This transaction involved several brokers representing the parties, specifically James Famularo, Dane Harlowe, Logan Ryan, and Robert Mulholland from Meridian, facilitating the deal between Luxe Aesthetics and 9300 Realty.
On the Map
Retail
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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