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450 7th Avenue, New York Ci...

Dunkin Donuts Leases Retail Space At 450 Seventh Avenue In New York With Landlord's Rep James Famularo & Evan Roteman - Meridian Capital Group
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

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