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164-166 West 75th Street

Meridian Capital Group Represents Landlord In $600,930 Retail Lease Deal In New York City
LEASEDRetail

Meridian Capital Group Represents Landlord In $600,930 Retail Lease Deal In New York City

164-166 West 75th Street

$146

$146/SF

Building Size

4,105 SF

Asset Type

Retail

Closing

Jan 2, 2023

AI

The retail property located at 164-166 West 75th Street in New York City has been leased. The asset spans a total of 4,105 square feet. The lease was facilitated by James Famularo from Meridian Capital Group, who represented the landlord, and Stu Morden from Stu Morden & Associates, who represented the tenant.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $146/ft
  • Square Footage: 4,105
  • Address: 164-166 West 75th Street, New York City

The landlord in this lease transaction was represented by James Famularo from Meridian Capital Group. On the other hand, Stu Morden from Stu Morden & Associates acted as the tenant's representative. The lease for the retail space at 164-166 West 75th Street demonstrates the collaborative efforts between these two individuals and their respective agencies.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

New York City 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

108650.68%

Cash-on-Cash

-31052.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93