Buana Mia Pizza Leases Retail Space At 282 Third Ave In New York City
282 3rd Avenue, New York City, New York 10010, United States
Building Size
1,700 SF
Asset Type
Retail
Closing
Sep 5, 2022
About this deal
AI
The retail property located at 282 Third Ave. in New York, NY has been leased. The asset, spanning 1,700 square feet, was leased to Buana Mia Pizza. The lease transaction was facilitated by Peak Capital, the landlord of the property. Ben Biberaj from Meridian Retail Leasing represented Peak Capital as the landlord's representative. Shelton Franklin from Blair Partners acted as the tenant's representative in the deal. The lease was signed on 09/06/2022 for an asking rent of $140 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Tenant: Buana Mia Pizza
- Landlord: Peak Capital
- Landlord's Rep: Ben Biberaj - Meridian Retail Leasing
- Tenant's Rep: Shelton Franklin - Blair Partners
- Asking Rent: $140/ft. ~ SF: 1,700
Ben Biberaj from Meridian Retail Leasing played a crucial role as the landlord's representative in the lease transaction. Shelton Franklin, representing Blair Partners, advocated for the interests of Buana Mia Pizza in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93