Guacado Leases Retail Space In New York At 1884 3rd Avenue For $85/SF
1884 3rd Avenue
$85
$85/SF
Building Size
2,575 SF
Asset Type
Retail
Closing
Mar 19, 2025
AI
The transaction involves a retail asset located at 1884 3rd Avenue in New York. The property encompasses a total area of 2,575 square feet and has a rental rate of $85.00 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85.00 per square foot
- Address: 1884 3rd Avenue
- Market: New York
- Square Feet: 2,575
- Tenant: Guacado
- Landlord: John Lemarier
- Tenant's Representatives: Noam Aziz, Carson Shahrabani (Meridian Capital Group)
- Landlord's Representative: Cooper Katz (ABS Partners Real Estate)
The deal features key individuals and companies, including tenant representatives Noam Aziz and Carson Shahrabani from Meridian Capital Group, representing Guacado. The landlord, John Lemarier, is represented by Cooper Katz from ABS Partners Real Estate in this lease transaction.
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93