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450 East 81st Street

Laura Lemle Leases Retail Space At 450 East 81st Street To Bicchiere Wine Bar
LEASEDRetail

Laura Lemle Leases Retail Space At 450 East 81st Street To Bicchiere Wine Bar

450 East 81st Street

$150

$150/SF

Building Size

400 SF

Asset Type

Retail

Closing

May 11, 2025

AI

The property asset involved in this transaction is a retail space located at 450 East 81st Street in the Upper East Side. The lease was executed for a total square footage of 400, with an asking rent of $150 per foot under a Modified Gross Lease agreement.

Summary of transaction details:

Key individuals involved in the lease include landlord Laura Lemle and tenant Bicchiere Wine Bar. The transaction was represented by brokers James Famularo and Jordan Langer from Meridian Capital Group, facilitating the agreement between the parties.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

365 deals

Broker

Laura Lemle

Landlord

$8M

vol

5 deals

Landlord

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93