Lenox Market Leases Retail Space In Upper East Side For $200/ft
798 Lexington Ave
$200
$200/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Oct 12, 2022
AI
The retail property located at 798 Lexington Ave in the Upper East Side has been leased to Lenox Market. The landlord of the property is Nicole Chrzan. The deal was facilitated by Claude Kolb of KSR, who represented the tenant in the transaction.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $200/ft.
- Square Footage: 3,000
- Address: 798 Lexington Ave
- Market: Upper East Side
Claude Kolb from KSR acted as the tenant's representative in the lease agreement for the retail property at 798 Lexington Ave. The specifics of the transaction, including the terms and conditions, were negotiated between Lenox Market and Nicole Chrzan, the landlord.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93