facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

2563 Broadway

James Krikorian Of Krispy Kreme Leases Retail Space To Made In New York Pizza For $150/ft
LEASEDRetail

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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