AAG Management Leases Retail Space To Fortuna NYC At 275 1st Avenue In Gramercy Park
275 1st Avenue
$147
Building Size
—
Asset Type
Retail
Closing
Mar 10, 2025
AI
The property involved in this transaction is a retail asset located at 275 1st Avenue in the Gramercy Park market. The lease type is a Single Net Lease with an asking rent of $147 per square foot for a total area of 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $176,400
- Address: 275 1st Avenue
- Market: Gramercy Park
- Landlord: AAG Management
- Tenant: Fortuna NYC
- Brokers: Elie Cohen, Daniel Cohen & Yaron Cohen - Leviathan Capital
The key individuals involved in the deal are Elie Cohen, Daniel Cohen, and Yaron Cohen, who represent the brokerage firm Leviathan Capital in facilitating the lease between the Landlord AAG Management and the Tenant Fortuna NYC.
Players
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
107911.56%
Cash-on-Cash
-30841.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93