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
- Property Type: Retail
- Transaction Amount: Lease
- Date: 06/29/2021
- Address: 213 First Avenue
- Market: East Village
- Tenant: Sfumato Sandwich Company 🥪
- Tenant's Rep: Anelisa Benzo - Douglas Elliman
- Landlord's Rep: Greg Goldberg & James Famularo - Meridian Retail Leasing
- Asking Rent: $127.50/ft.
- Square Footage: 800
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
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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