Jumieka Leases Retail Space At 346 Lexington Avenue In New York City
346 Lexington Ave New York, NY 10016, USA
$100
$100/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
The retail property located at 346 Lexington Avenue in New York City has been leased. The tenant, Jumieka, will occupy the space, which spans 4,500 square feet. The lease was facilitated by Newmark brokers Andrew Stern, Lucas Kooyman, and Adam Weinblatt. The asking rent for the property was $100 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 346 Lexington Avenue
- Market: New York City
- Tenant: Jumieka
- Brokers: Andrew Stern, Lucas Kooyman, and Adam Weinblatt - Newmark
- Asking Rent: $100/ft
- Square Footage: 4,500
The lease deal was negotiated by Newmark brokers Andrew Stern, Lucas Kooyman, and Adam Weinblatt. They represented the tenant, Jumieka, in the transaction. The landlord of the property is Joseph Lucin. The lease agreement for the retail space at 346 Lexington Avenue marks an important transaction in the New York City market.
On the Map
$100
$100/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Adam Weinblatt to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93