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836 2nd Avenue, New York Ci...

836 Convenience Corporation Leases Retail Space At 836 Second Ave. In New York With Meridian Retail Leasing
LEASEDRetail

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

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

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