Pollo Campero Leases Retail Space At 714 Lexington Ave. In Midtown East
714 Lexington Avenue, New York City, New York 10022, United States
Building Size
2,700 SF
Asset Type
Retail
Closing
May 12, 2022
About this deal
AI
Retail space located at 714 Lexington Ave in Midtown East has been leased. The property spans 2,700 square feet and was leased for an asking rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 714 Lexington Ave
- Market: Midtown East
The landlord, A&H Acquisitions represented by Alex Adjmi, leased the space to the tenant, Pollo Campero. Vince Sweeney from Meridian Retail Leasing acted as the tenant's representative in the deal. Ralph Hanan and Brett Weinblatt from Compass Commercial represented the landlord in the transaction.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93