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201 W 92nd St, New York, NY...

Izzy’s BBQ Smokehouse Leases 1250 SF Retail Space In New York Transaction
LEASEDRetail

Izzy’s BBQ Smokehouse Leases 1250 SF Retail Space In New York Transaction

201 W 92nd St, New York, NY, 10025

Building Size

1,250 SF

Asset Type

Retail

Closing

Feb 24, 2021

AI

The retail property located at 201 W 92nd St, New York, NY, 10025, in the New York market, has been leased to Izzy’s BBQ Smokehouse. The space spans 1,250 square feet and the landlord for this transaction is Acuity Capital Partners. The tenant was represented by Scott Feldberg from Meridian Capital Group.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant: Izzy’s BBQ Smokehouse
  • Address: 201 W 92nd St, New York, NY, 10025
  • Market: New York
  • Square Feet: 1250
  • Landlord: Acuity Capital Partners
  • Tenant's Rep: Scott Feldberg(Meridian Capital Group)

Scott Feldberg of Meridian Capital Group served as the tenant's representative in the deal, assisting Izzy’s BBQ Smokehouse in securing the lease for the retail space. Acuity Capital Partners, as the landlord, finalized the transaction, bringing Izzy’s BBQ Smokehouse to this prime location in New York.

Players

Scott Feldberg

Meridian Capital Group

Broker

4 deals

Broker
AP
Acuity Capital PartnersLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93