Meridian Capital Group Represents The Greene Foundation In Retail Lease At 701 1st Avenue, Midtown East
701 1st Avenue
$75
$75/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jan 23, 2024
About this deal
AI
The retail property located at 701 1st Avenue in Midtown East has been leased. The property spans an area of 2,000 square feet. The lease was facilitated by brokers James Famularo, Bobby Ortense, and Jacob Mayer from Meridian Capital Group. The asking rent for this retail lease was $75 per square foot.
Summary of transation details
- Property Type: Retail
- Asking Rent: $75/ft
- Square Footage: 2,000
The landlord for this lease is Windsor Owners Corp, represented by Drew Moschella. The tenant, The Greene Foundation, has successfully secured the lease for the retail property at 701 1st Avenue.
On the Map
$75
$75/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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93