LEASEDRetail
Heller Realty Leases Retail Space To Delice Macarons On Amsterdam Avenue
321 Amsterdam Avenue, Manhattan, New York, NY, USA
Building Size
650 SF
Asset Type
Retail
Closing
May 2, 2021
About this deal
AI
The retail property located at 321 Amsterdam Avenue in the Upper West Side has been leased. The transaction took place on 05/03/2021.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $250/ft.
- Square Footage: 650
- Tenant: Delice Macarons
- Landlord: Heller Realty
- Landlord's Representative: James Famularo, Ben Biberaj & Andrew Ingber of Meridian Retail Leasing
- Market: Upper West Side
The tenant, Delice Macarons, has entered into a lease agreement with Heller Realty. The deal was facilitated by James Famularo, Ben Biberaj, and Andrew Ingber of Meridian Retail Leasing.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93