Lightning RX Pharmacy Signs Retail Lease At 2154 2nd Avenue, East Harlem, Manhattan
2154 2nd Avenue
$60
$60/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Oct 16, 2023
AI
The retail space located at 2154 2nd Avenue in East Harlem, Manhattan has been leased in a closed transaction. The property, spanning 1,200 square feet, was leased to Lightning RX Pharmacy.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2154 2nd Avenue
- Market: East Harlem, Manhattan
- Landlord: Steven Croman - Centennial Properties
- Tenant: Lightning RX Pharmacy
- Brokers: Dane Harlowe & Daniel Rachline - Meridian Capital Group
- Asking Rent: $60/ft
- Square Footage: 1,200
- Lease Type: Retail Lease
The lease transaction was handled by Dane Harlowe and Daniel Rachline from the Meridian Capital Group, who represented both the landlord, Steven Croman of Centennial Properties, and the tenant, Lightning RX Pharmacy.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93