Panineria NYC Signs Lease For Retail Space At 322 East 81st Street In Yorkville, Manhattan
322 East 81st Street
$120
$120/SF
Building Size
400 SF
Asset Type
Retail
Closing
Nov 29, 2023
AI
A retail space located at 322 East 81st Street in Yorkville, Manhattan has been leased. The space, measuring approximately 400 square feet, was leased by Panineria NYC. The landlord, Oren Goldstein of Eberhart Brothers, was represented by James Famularo of Meridian Capital Group. Panineria NYC was represented by Vivian Grossman of SCG Retail. The asking rent for the space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 322 East 81st Street
- Market: Yorkville, Manhattan
- Landlord: Oren Goldstein - Eberhart Brothers
- Tenant: Panineria NYC
- Landlord's Rep: James Famularo - Meridian Capital Group
- Tenant's Rep: Vivian Grossman - SCG Retail
- Asking Rent: $120/ft
- SF: 400
James Famularo from Meridian Capital Group and Vivian Grossman from SCG Retail were instrumental in facilitating the lease deal for the retail space at 322 East 81st Street. The parties involved were able to negotiate an asking rent of $120 per square foot for the 400 square foot space. This lease transaction was successfully completed, providing a new location for Panineria NYC in Yorkville, Manhattan.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93