First Ave Convenience And More Signs Lease For Retail Space At 199 1st Avenue In New York City
199 1st Ave. New York, NY 10003, USA
$180
$180/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
May 16, 2023
AI
A retail property located at 199 1st Avenue in New York City has been leased. The property is owned by Hakim Holdings and the tenant is First Ave Convenience And More. The deal was facilitated by Greg Goldberg from Meridian Capital Group.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $180/ft
- Square Footage: 1,500
- Address: 199 1st Avenue
- Market: New York City
Greg Goldberg, from Meridian Capital Group, represented the landlord, Hakim Holdings, in the lease agreement with First Ave Convenience And More.
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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93