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1812 Second Avenue

Diamond Convenience Leases Retail Space At 1812 Second Avenue In New York
LEASEDRetail

Diamond Convenience Leases Retail Space At 1812 Second Avenue In New York

1812 Second Avenue

$150

$150/SF

Building Size

400 SF

Asset Type

Retail

Closing

Apr 3, 2023

AI

The retail property located at 1812 Second Avenue in New York has recently been leased. The tenant for this space is Diamond Convenience. The lease transaction was facilitated by Evan Roteman and James Famularo from Meridian Capital Group. The asking rent for the property was $150 per square foot with a total area of 400 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified

Evan Roteman and James Famularo, representing Meridian Capital Group, played a key role in the lease of this retail space at 1812 Second Avenue in New York. Diamond Convenience will be occupying the 400 square foot space at an asking rent of $150 per square foot.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

Market 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