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1685 Lexington Ave New York...

Good Eats Bakeshop Corp Leases Retail Space At 1685 Lexington Avenue In New York City
LEASEDRetail

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:

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

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

New York Retail Market Snapshot

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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