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
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