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194 1st Avenue

Lazy Llama Signs Retail Lease At 194 1st Avenue With Landlord Lionel Nazarian
LEASEDRetail

Lazy Llama Signs Retail Lease At 194 1st Avenue With Landlord Lionel Nazarian

194 1st Avenue

$174

$174/SF

Building Size

850 SF

Asset Type

Retail

Closing

Apr 1, 2024

AI

Located in the East Village of Manhattan, the retail property at 194 1st Avenue has been leased to Lazy Llama. The asset spans 850 square feet with an asking rent of $174 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 194 1st Avenue
  • Market: East Village, Manhattan
  • Landlord: Lionel Nazarian
  • Tenant: Lazy Llama
  • Landlord's Rep: Greg Goldberg - Meridian Capital Group
  • Tenant's Rep: Malik Wells - KSR
  • Asking Rent: $174/ft
  • Lease Type: Retail Lease

Greg Goldberg from Meridian Capital Group represented the landlord, Lionel Nazarian, in the leasing transaction, while Malik Wells from KSR acted as the tenant's representative, finalizing the deal on behalf of Lazy Llama.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 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

91166.67%

Cash-on-Cash

-26055.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93