Haussmann Development Leases Retail Space In New York
2754 Frederick Douglass Blvd
$65
$65/SF
Building Size
1,609 SF
Asset Type
Retail
Closing
Apr 6, 2023
About this deal
AI
The retail property located at 2754 Frederick Douglass Blvd in New York has been leased. The property is owned by Haussmann Development and was leased through the representation of Dane Harlowe from Meridian Capital Group. The lease transaction took place on 04/06/2023.
Summary of transation details
- Property Type: Retail
- Transaction Date: 04/06/2023
- Address: 2754 Frederick Douglass Blvd, New York
- Market: New York
- Landlord: Haussmann Development
- Broker: Dane Harlowe - Meridian Capital Group
- Asking Rent: $65/ft
- Square Footage: 1,609
Dane Harlowe from Meridian Capital Group represented the interested parties in the transaction. The lease was secured at an asking rent of $65 per square foot for a total of 1,609 square feet of retail space.
Players
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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93