Smashburger Leases 4957 Square Feet At 804 Lexington Ave With Dellis Family As Landlord
804 Lexington Ave, New York, NY, 100...
Building Size
4,957 SF
Asset Type
Retail
Closing
Mar 23, 2021
About this deal
AI
The property involved in this transaction is located at 804 Lexington Ave, New York, NY, encompassing a total area of 4,957 square feet. It is situated in the New York market and is leased to Smashburger by the Dellis Family.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 804 Lexington Ave, New York, NY, 100...
- Square Feet: 4957
- Tenant: Smashburger
- Landlord: Dellis Family
- Tenant's Representative: Cory Zelnik, Jason Turner (Zelnik & Company)
- Landlord's Representative: Kenneth Hochhauser (Winick Realty Group)
In this transaction, Cory Zelnik and Jason Turner represented Smashburger while Kenneth Hochhauser represented the Dellis Family, ensuring the completion of the lease agreement in the New York market.
On the Map
Retail
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Players
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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