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
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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