Vino's Fine Wine & Spirits Leases Retail Space In Kips Bay Via Meridian Retail Leasing
184 Lexington Cleaners, 184 Lexington Ave, New York City, New York 10016, United States
Building Size
1,600 SF
Asset Type
Retail
Closing
Nov 30, 2021
About this deal
AI
The retail property located at 184 Lexington Avenue in Kips Bay has recently been leased. The asset spans approximately 1,600 square feet and is situated in a bustling market. The lease was finalized on November 30, 2021.
Summary of transaction details
- Property Type: Retail
- Address: 184 Lexington Avenue
- Market: Kips Bay
The lease was secured by Vino's Fine Wine & Spirits, a tenant that specializes in offering a wide selection of wine and spirits. The deal was facilitated by Yoni Hadar, Garrett Kelly, and Zeke Chernoff from Meridian Retail Leasing, who represented the tenant.
The asking rent for the property was $120 per square foot.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93