Fly Lyfe Leases Retail Space In East Village's 215 First Avenue From Landlord Vito Verni
215 First Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 29, 2021
About this deal
AI
The retail property located at 215 First Avenue in the East Village has been leased. The deal was finalized on 01/30/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 215 First Avenue
- Market: East Village
Fly Lyfe is the tenant who has secured the lease for this retail space. The landlord of the property is Vito Verni. The lease deal was facilitated by Greg Goldberg and James Famularo from Meridian Capital Group acting as brokers.
The initial asking rent for the property was $157 per square foot, and the total area of the leased space is 1,000 square feet.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93