Mary Carmen Perez Cornelio Leases Retail Space At 346 Audubon Avenue From Shamoil Property
346 Audubon Avenue
$77
$77/SF
Building Size
550 SF
Asset Type
Retail
Closing
Jul 23, 2024
AI
The retail asset located at 346 Audubon Avenue in the Upper West Side encompasses a total of 550 square feet. The asking rent for this property was set at $77 per square foot, indicative of the area's market dynamics. The asset is categorized specifically as a retail property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $77/ft
- Square Footage: 550
- Landlord: Shamoil Property - Joshua Shamoil
- Tenant: Mary Carmen Perez Cornelio
- Brokers: Daniel Rachline & Danny Heredia - Meridian Capital Group
The transaction was facilitated by the brokerage team of Daniel Rachline and Danny Heredia, who represent Meridian Capital Group. Their involvement played a vital role in successfully closing the lease agreement between the landlord and tenant.
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
206012.99%
Cash-on-Cash
-58879.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93