Jersey Mike's Subs Leases Retail Space At 601 2nd Avenue In Murray Hill
601 2nd Avenue
$200
$200/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Dec 11, 2023
AI
Jersey Mike's Subs has signed a lease for a retail space located at 601 2nd Avenue in Murray Hill. The property spans approximately 2,000 square feet and the asking rent is $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $200/ft
- Square Footage: 2,000
- Address: 601 2nd Avenue, Murray Hill
Bay Hedvat, the landlord, represented by Jordan Raphan of KSR, facilitated the lease agreement with Jersey Mike's Subs. Ryan Feldman of Alliance Retail Development acted as the tenant's representative.
Players
Market 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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93