Dunkin Donuts Leases Retail Space At 450 Seventh Avenue In New York With Landlord's Rep James Famularo & Evan Roteman - Meridian Capital Group
450 7th Avenue, New York City, New York 10123, United States
$300
$300/SF
Building Size
1,900 SF
Asset Type
Retail
Closing
Apr 12, 2023
AI
On April 3, 2023, a lease transaction was completed for a retail space located at 450 Seventh Avenue (203-205 W 34th Street) in New York. The property, with a total square footage of 1,900, was leased by the tenant, Dunkin Donuts, from the landlord, Kaufman Organization.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Asking Rent: $300/ft
- Market: New York
Representing the landlord, Kaufman Organization, in this lease transaction were James Famularo and Evan Roteman from Meridian Capital Group. On the other hand, Richard Smith Soto acted as the tenant's representative.
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93