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184 Lexington Avenue

Hakimian Organization Leases Retail Space At 184 Lexington Avenue To Hyderabi Zaiqa
LEASEDRetail

Hakimian Organization Leases Retail Space At 184 Lexington Avenue To Hyderabi Zaiqa

184 Lexington Avenue

$127

$127/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Jul 24, 2024

AI

The property involved in this lease transaction is a retail asset located at 184 Lexington Avenue in the Midtown South market. The asking rent for the space is $127 per square foot, with a total square footage of 1,800. The lease type is a retail lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $127/ft
  • Address: 184 Lexington Avenue
  • Market: Midtown South
  • Landlord: Hakimian Organization
  • Tenant: Hyderabi Zaiqa
  • Landlord's Rep: Manu Wendum, John DiGangi & Marisa Simkin - Retail By Mona
  • Tenant's Rep: Joshua Sarraf & Aaron Aziz - Avenue Realty Advisors
  • Square Footage: 1,800
  • Lease Type: Retail Lease

The key individuals involved in this transaction include representatives from both the landlord and the tenant. For the landlord, Manu Wendum, John DiGangi, and Marisa Simkin are the representatives from Retail By Mona. The tenant, Hyderabi Zaiqa, is represented by Joshua Sarraf and Aaron Aziz from Avenue Realty Advisors.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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

124905.51%

Cash-on-Cash

-35698.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93