Good Eats Bakeshop Corp Leases Retail Space At 1685 Lexington Avenue In New York City
1685 Lexington Ave New York, NY 10029, USA
$112
$112/SF
Building Size
800 SF
Asset Type
Retail
Closing
Jul 7, 2023
AI
The retail property located at 1685 Lexington Avenue in New York City has been leased to Good Eats Bakeshop Corp. The asking rent for the 800 square foot space is $112.50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Good Eats Bakeshop Corp
- Broker: Dane Harlowe & Michael Schoenbrun - Meridian Capital Group
- Address: 1685 Lexington Avenue
- Market: New York City
- Asking Rent: $112.50/ft
- SF: 800
The leasing deal was facilitated by brokers Dane Harlowe and Michael Schoenbrun from Meridian Capital Group. They played a crucial role in representing the tenant, Good Eats Bakeshop Corp, in securing the retail space at the specified address.
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
141633.93%
Cash-on-Cash
-40479.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93