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309 East 83rd Street, New Y...

Dulce Vida Latin Bistro Leases Retail Space In Yorkville, NYC
LEASEDRetail

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Eric Nelson

Eric Nelson

Vintage Group

Landlord

$17.4M

vol

5 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93