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207 2nd Avenue

Jazba By Junoon Signs 10-Year Lease For Retail Space At 207 2nd Avenue In New York City
LEASEDRetail

Jazba By Junoon Signs 10-Year Lease For Retail Space At 207 2nd Avenue In New York City

207 2nd Avenue

$175

$175/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Jan 1, 2023

AI

The retail property located at 207 2nd Avenue in New York City has been leased. The tenant, Jazba By Junoon, will be occupying the space under a 10 year lease deal. The property spans approximately 6,000 square feet, with an asking rent of $175 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Address: 207 2nd Avenue, New York City
  • Tenant: Jazba By Junoon
  • Lease Term: 10 years
  • Asking Rent: $175 per square foot

The landlord for this lease deal is Lee Odell. The landlord's representatives in the transaction were Haz Aliessa and Paul Mcquade from Tower Brokerage. On the other hand, the tenant was represented by Craig Gelberg from Ripco and Joshua Kaufman from Bluestar Properties.

Players

Joshua Kaufman

Bluestar Properties, Inc.

Broker

$31.9M

vol

11 deals

Broker

New York City 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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93