Meridian Retail Leasing Represents Lease Of Retail Space In Upper East Side For $108,000/year
1592 2nd Avenue, New York City, New York 10016, United States
Building Size
800 SF
Asset Type
Retail
Closing
Apr 25, 2022
About this deal
AI
Andrew Ingber of Meridian Retail Leasing represented the parties involved in a lease transaction for a retail space located at 1592 Second Avenue on the Upper East Side. The property offers approximately 800 square feet of space and was marketed at an asking rent of $135 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 04/26/2022
- Address: 1592 Second Avenue
- Market: Upper East Side
This lease deal was facilitated by Andrew Ingber, the broker from Meridian Retail Leasing. He represented the parties involved in securing the retail space for lease. The transaction was completed on 04/26/2022.
On the Map
Retail
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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