DimSumGoGo Leases Retail Space In East Village At 221 First Avenue With Tenant's Rep John Roesch - Meridian Retail Leasing And Landlord's Rep Greg Goldberg - Meridian Retail Leasing
221 1st Avenue, New York, NY 10003
Building Size
1,600 SF
Asset Type
Retail
Closing
Jun 29, 2020
About this deal
AI
Located in the East Village, the retail property at 221 First Avenue has been leased. The lease was finalized on June 29, 2021. John Roesch from Meridian Retail Leasing represented the tenant, Dim Sum Go Go, while Greg Goldberg, also from Meridian Retail Leasing, represented the landlord, Richard Locker. The property has a size of 1,600 square feet and the asking rent was $152 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/29/2021
- Address: 221 First Avenue
- Market: East Village
The leasing deal for the retail property at 221 First Avenue was facilitated by John Roesch from Meridian Retail Leasing, who represented Dim Sum Go Go, and Greg Goldberg, also from Meridian Retail Leasing, who represented the landlord, Richard Locker. The lease amount and specific terms were not disclosed in the available information.
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