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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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