Dulce Vida Latin Bistro Leases Retail Space In Yorkville, NYC
309 East 83rd Street, New York City, New York 10028, United States
Building Size
500 SF
Asset Type
Retail
Closing
Jan 15, 2022
About this deal
AI
Located in Yorkville, the retail space at 309 E. 83rd St. has recently been leased out. The property was leased by Dulce Vida Latin Bistro, a tenant represented by Rod Garcia & James Famularo from Meridian Retail Leasing. The landlord, Eric Nelson, was represented by Richard T. Guarino & James Mcmahon from Friedman-Roth. The lease transaction was completed on January 15, 2022.
Summary of transaction details:
- Property Type: Retail
- Asking rent: $132 per sq ft
- Square footage: 500 sq ft
- Tenant: Dulce Vida Latin Bistro
- Tenant's Representative: Rod Garcia & James Famularo - Meridian Retail Leasing
- Landlord: Eric Nelson
- Landlord's Representative: Richard T. Guarino & James Mcmahon - Friedman-Roth
The lease transaction involved the retail space at 309 E. 83rd St. The tenant, Dulce Vida Latin Bistro, was represented by Rod Garcia & James Famularo from Meridian Retail Leasing. On the other side, the landlord, Eric Nelson, received representation from Richard T. Guarino & James Mcmahon from Friedman-Roth. This transaction marks a successful leasing deal in the Yorkville market.
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Retail
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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