Ralph’s Famous Italian Ices & Ice Cream Leases 400 Square Feet At 362 2nd Ave New York
362 2nd Ave, New York, NY, 10010
Building Size
400 SF
Asset Type
Retail
Closing
Feb 4, 2019
AI
The property asset involved in this transaction is located at 362 2nd Ave, New York, NY, 10010, with a total square footage of 400. The market for this lease transaction is New York, and it involves the landlord Akelius Real Estate. The specific terms of the lease agreement and transaction amount are not disclosed.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 362 2nd Ave, New York, NY, 10010
- Market: New York
- Square Feet: 400
- Landlord: Akelius Real Estate
- Tenant: Ralph’s Famous Italian Ices & Ice Cream
- Landlord's Representative: Mark Tergesen, Dean Valentino - ABS Partners Real Estate
The deal features key individuals including Ralph’s Famous Italian Ices & Ice Cream as the tenant and Mark Tergesen and Dean Valentino as representatives from ABS Partners Real Estate, representing the landlord Akelius Real Estate in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93