Optometry Group Leases Retail Space In New York City's Second Avenue With Landlord's Rep Mark Tergesen & Cooper Katz
1760 2nd Avenue
$105
$105/SF
Building Size
1,840 SF
Asset Type
Retail
Closing
Oct 31, 2022
AI
The retail property located at 1760 2nd Avenue in New York City has recently been leased in a closed transaction. Spanning a total area of 1,840 square feet, the property was leased by the Optometry Group for a lease term of 15 years. The asking rent for this space was $105 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not applicable
- Date: 10/31/2022
- Address: 1760 2nd Avenue
- Market: New York City
The landlord of the property is the American Development Group. Representing the landlord's interests in this transaction were Mark Tergesen and Cooper Katz from ABS Partners Real Estate. Evan Gasman, on the other hand, served as the tenant's representative.
Players
New York City 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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93