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601 2nd Avenue

Jersey Mike's Subs Leases Retail Space At 601 2nd Avenue In Murray Hill
LEASEDRetail

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

Jordan Raphan

Kassin Sabbagh Realty

Broker

40 deals

Broker
JS
Jersey Mike's SubsTenant

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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