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
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