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1590 Lexington Avenue, Manh...

Luxe Aesthetics Signs Lease For Retail Space In East Harlem - Meridian Brokers Represent Tenant
LEASEDRetail

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

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:

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.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

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