Talent Cycles Inc Leases Space A In New York City's Retail Market On 1661 Amsterdam Avenue From Solomon Witriol For $75/ft
1661 Amsterdam Ave Space A New York, NY 10031, USA
$75
$75/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Jun 20, 2023
About this deal
AI
The retail space located at 1661 Amsterdam Avenue (Space A) in New York City has been leased. The property has a total square footage of 1,300 and the asking rent was $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
The landlord of the property is Solomon Witriol and the tenant is Talent Cycles Inc. The leasing deal was facilitated by brokers Dane Harlowe, Alec Namdar, and Jacob Mayer from the Meridian Capital Group.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Alec Namdar to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93