James Krikorian Of Krispy Kreme Leases Retail Space To Made In New York Pizza For $150/ft
2563 Broadway
$150
$150/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Oct 28, 2024
About this deal
AI
The retail asset located at 2563 Broadway in Upper Manhattan encompasses 1,100 square feet. The modified gross lease was negotiated with an asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Lease Type: Modified Gross Lease
- Landlord: James Krikorian - Krispy Kreme Doughnut Corporation
- Tenant: Made in New York Pizza
- Landlord's Representative: Aylin Gucalp - CBRE
- Tenant's Representative: James Famularo - Meridian Capital Group
This transaction highlights the roles of key individuals and organizations in the lease agreement, with Aylin Gucalp representing the landlord and James Famularo representing the tenant. Their involvement illustrates the professional collaboration essential in retail leases.
On the Map
$150
$150/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit James Famularo to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93