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275 1st Avenue

AAG Management Leases Retail Space To Fortuna NYC At 275 1st Avenue In Gramercy Park
LEASEDRetail

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:

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

Yaron Cohen

Leviathan Capital

Broker

12 deals

Broker
AM
AAG ManagementLandlord

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

107911.56%

Cash-on-Cash

-30841.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93