RSM Leases Retail Space At 1745 1st Avenue On Upper East Side
1745 1st Avenue, New York City, New York 10128, United States
Building Size
5,136 SF
Asset Type
Retail
Closing
Aug 31, 2022
AI
A 5,136 square foot retail space located at 1745 1st Avenue in the Upper East Side has been leased. The transaction took place on September 1, 2022.
Summary of transaction details:
- Property Type: Retail
- Address: 1745 1st Avenue
- Market: Upper East Side
- Tenant: RSM
- Landlord: First Avenue Church NYC - Pastor Debbie Widick
- Brokers: Brandon Singer, Michael Cody & Max Kreinces - Retail By MONA
- Asking Rent: $75/ft.
Brandon Singer, Michael Cody, and Max Kreinces from Retail By MONA played a role as brokers in this lease deal between the tenant, RSM, and the landlord, First Avenue Church NYC - Pastor Debbie Widick.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93