Morgenstern’s Finest Ice Cream Leases Retail Space At 490 Laguardia Pl, New York
490 Laguardia Pl, New York, NY, 10012
Building Size
3,230 SF
Asset Type
Retail
Closing
Apr 9, 2018
About this deal
AI
The retail property located at 490 Laguardia Pl, New York, NY, 10012, with a square footage of 3230, was leased on 04/09/2018. The tenant, Morgenstern’s Finest Ice Cream, secured the lease with the landlord, Lokee LLC. The tenant was represented by Steve Rappaport of Sinvin Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Market: New York
- Tenant's Rep: Steve Rappaport(Sinvin Realty)
- Landlord: Lokee LLC
The landlord's representative for this deal was Steven Politis.
On the Map
Retail
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Players
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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