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336 Lexington Avenue, New Y...

Adyar Ananda Bhavan Leases Retail Space In Murray Hill, Manhattan From Dermer Management
LEASEDRetail

Adyar Ananda Bhavan Leases Retail Space In Murray Hill, Manhattan From Dermer Management

336 Lexington Avenue, New York City, New York 10016, United States

Building Size

1,250 SF

Asset Type

Retail

Closing

Apr 20, 2022

AI

Adyar Ananda Bhavan, a modern South Indian Vegetarian Restaurant, has leased a retail space located at 336 Lexington Avenue in Murray Hill, Manhattan. This will be one of their multiple locations in NYC as they are undergoing a major wave of expansion. The restaurant's other location in the Upper East Side is well-known and loved by locals. The lease transaction was facilitated by Daniel Levian and Aaron Aziz of Avenue Realty Advisors, who represented both the landlord, Dermer Management, and the tenant in this deal.

Summary of transaction details:

  • Property Type: Retail
  • Date: 04/21/2022
  • Address: 336 Lexington Avenue
  • Market: Murray Hill, Manhattan
  • Landlord: Dermer Management
  • Tenant: Adyar Ananda Bhavan
  • Brokers: Daniel Levian & Aaron Aziz - Avenue Realty Advisors

A notable aspect of this lease is that Daniel Levian and Aaron Aziz of Avenue Realty Advisors represented both the owner and the tenant, demonstrating their extensive tenant list consisting of unique tenants from various trades and styles. If you are an owner with vacant commercial space or a tenant seeking a new or additional commercial space, you can reach out to Avenue Realty Advisors for expert leasing advice. For more information and to explore other properties, you can visit their website at www.aranyc.com or follow them on Instagram @aranyc_.

For inquiries or to join the ARA team, you can contact:

Aaron Aziz - Principal Broker
516.355.8018
[email protected]

Daniel Levian - Associate
917.531.5529
[email protected]

Interested parties can also get in touch with ARA through their website's contact page: www.aranyc.com/contact

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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