836 Convenience Corporation Leases Retail Space At 836 Second Ave. In New York With Meridian Retail Leasing
836 2nd Avenue, New York City, New York 10017, United States
Building Size
1,000 SF
Asset Type
Retail
Closing
Jun 22, 2022
About this deal
AI
836 Second Ave. in New York is a retail property recently involved in a lease transaction. The tenant for this space is 836 Convenience Corporation. The deal was facilitated by Meridian Retail Leasing, with brokers Ben Biberaj, Ryan Fridolfs, and Elliot Wygoda representing the tenant.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $120/ft.
- Square Footage: 1,000
- Market: New York
- Date: 06/23/2022
- Address: 836 Second Ave.
This lease deal showcases the successful collaboration between 836 Convenience Corporation, Meridian Retail Leasing, and their brokers Ben Biberaj, Ryan Fridolfs, and Elliot Wygoda. The asking rent for the 1,000 square foot retail space at 836 Second Ave. in New York was $120 per square foot.
On the Map
Retail
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Players
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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