Peppas Jerk Chicken Leases Retail Space In New York's Second Ave. With Landlord Steve Croman And Broker Ben Biberaj - Meridian Retail Leasing
493 2nd Avenue, New York City, New York 10016, United States
Building Size
750 SF
Asset Type
Retail
Closing
Sep 11, 2022
AI
The retail property located at 493 Second Ave in New York has been leased. The lease transaction took place on 09/12/2022. The property, with a total square footage of 750, was leased by Peppas Jerk Chicken. The landlord for this lease is Steve Croman. The asking rent for the property was $140 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Lease Date: 09/12/2022
- Address: 493 Second Ave, New York
- Tenant: Peppas Jerk Chicken
- Landlord: Steve Croman
- Asking Rent: $140/ft.
- Total Square Footage: 750
The lease deal was facilitated by Ben Biberaj from Meridian Retail Leasing, who represented the tenant, Peppas Jerk Chicken, 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