Best Bike NYC Leases Retail Space At 2021 1st Avenue With Landlord Andrew Liebhaber
2021 1st Avenue
$68
$68/SF
Building Size
875 SF
Asset Type
Retail
Closing
Nov 13, 2024
AI
The retail asset located at 2021 1st Avenue in Manhattan encompasses a total of 875 square feet. The property is leased at an asking rent of $70 per square foot under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Square Footage: 875
- Landlord: Andrew Liebhaber
- Tenant: Best Bike NYC
- Landlord's Representative: Dane Harlowe, Alec Namdar & Noam Aziz - Meridian Capital Group
- Lease Type: Modified Gross Lease
The transaction involved key individuals from Meridian Capital Group, specifically Dane Harlowe, Alec Namdar, and Noam Aziz, representing the landlord Andrew Liebhaber in the lease agreement with tenant Best Bike NYC.
Players
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93