Crumbly Cafe & Bakery Leases Retail Space At 1729 2nd Avenue In New York City
1729 2nd Ave New York, NY 10128, USA
$150
$150/SF
Building Size
900 SF
Asset Type
Retail
Closing
Jul 10, 2023
AI
A retail space located at 1729 2nd Avenue in New York City has recently been leased. The property, measuring approximately 900 square feet, was listed with an asking rent of $150 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 1729 2nd Avenue, New York City
- Market: New York City
Michael Shkreli and Stephanie Dadon of Winick Realty Group represented both the tenant and the landlord in this deal. They acted as the brokers for the lease transaction.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93