D AND H Enterprises INC Signs 10-Year Retail Lease At 325 Lenox Avenue In New York
325 Lenox Ave New York, NY 10027, USA
$130
$130/SF
Building Size
2,300 SF
Asset Type
Retail
Closing
May 23, 2023
About this deal
AI
A retail property located at 325 Lenox Avenue in New York has been leased in a closed transaction. The landlord, Morris Bildirici, has entered into a lease agreement with D AND H Enterprises INC. The lease term is set for 10 years.
Summary of Transaction Details
- Property Type: Retail
- Asking Rent: $130/ft
- Square Footage: 2,300
- Address: 325 Lenox Avenue
- Market: New York
The leasing transaction was facilitated by Garrett Kelly and Dane Harlowe from the Meridian Capital Group, who represented the landlord and tenant, respectively.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93