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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $60,000
- Address: 450 East 81st Street
- Market: Upper East Side
- Landlord: Laura Lemle
- Tenant: Bicchiere Wine Bar
- Landlord's Representative: James Famularo & Jordan Langer - Meridian Capital Group
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.
On the Map
$150
$150/SF
Retail
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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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93