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213 1st Avenue, New York, N...

Updated Oct 28, 2024

Sfumato Sandwich Company Leases Retail Space At 213 First Avenue In East Village
LEASEDRetail

Sfumato Sandwich Company Leases Retail Space At 213 First Avenue In East Village

213 1st Avenue, New York, NY 10003

Building Size

800 SF

Asset Type

Retail

Closing

Jun 29, 2020

About this deal

AI

A retail property located at 213 First Avenue in the East Village neighborhood has been leased. The property, spanning approximately 800 square feet, was rented by Sfumato Sandwich Company 🥪. The lease transaction was facilitated by Anelisa Benzo of Douglas Elliman, representing the tenant. The landlord was represented by Greg Goldberg & James Famularo of Meridian Retail Leasing. The asking rent for the space was $127.50 per square foot.

Summary of transaction details

Greg Goldberg & James Famularo, from Meridian Retail Leasing, represented the landlord in the transaction with Sfumato Sandwich Company 🥪. Anelisa Benzo, an agent from Douglas Elliman, served as the tenant's representative.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

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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

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