Bucatini Italian Restaurant Leases Retail Space In New York City With Brokers James Famularo & Evan Roteman - Meridian Capital Group
2 E 45th St New York, NY 10017, USA
$250
$250/SF
Building Size
9,000 SF
Asset Type
Retail
Closing
Aug 1, 2023
About this deal
AI
The Moinian Group, led by Joseph Moinian, has leased the retail space at 2 East 45th Street in New York City. The tenant, Bucatini Italian Restaurant, will occupy the 9,000 square feet space. The deal was brokered by James Famularo and Evan Roteman from Meridian Capital Group. The asking rent for the lease was $250 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 2 East 45th Street, New York City
- Landlord: The Moinian Group - Joseph Moinian
- Tenant: Bucatini Italian Restaurant
- Brokers: James Famularo & Evan Roteman - Meridian Capital Group
- Asking Rent: $250/ft
- Square Footage: 9,000
The Moinian Group, spearheaded by Joseph Moinian, entered into a leasing agreement with Bucatini Italian Restaurant for the retail space located at 2 East 45th Street in New York City. James Famularo and Evan Roteman of Meridian Capital Group facilitated the transaction. The lease was signed for an asking rent of $250 per square foot for the spacious 9,000 square feet retail unit.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93