Isaac Hakim Leases Retail Space To Westside Market At 825 2nd Avenue In Midtown East
825 2nd Avenue
$125
$125/SF
Building Size
21,000 SF
Asset Type
Retail
Closing
Jul 1, 2024
AI
The property involved in this transaction is a retail asset located at 825 2nd Avenue in Midtown East. The lease type is a retail lease, and the asset spans 21,000 square feet with an asking rent of $125 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Address: 825 2nd Avenue
- Market: Midtown East
- Landlord: Isaac Hakim
- Tenant: Westside Market
- Brokers: David Green, Daniel Kestenbaum & Ike Bibi - KSR
- Lease Type: Retail Lease
The individuals involved in this transaction include Isaac Hakim as the landlord and Westside Market as the tenant. The brokers representing the deal are David Green, Daniel Kestenbaum, and Ike Bibi from KSR.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93