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837 7th Avenue

Cafe Aroma Leases Retail Space At 837 Seventh Avenue In New York
LEASEDRetail

Cafe Aroma Leases Retail Space At 837 Seventh Avenue In New York

837 7th Avenue

$235

$235/SF

Building Size

1,400 SF

Asset Type

Retail

Closing

Mar 20, 2023

AI

The retail property located at 837 Seventh Avenue in New York has been leased. The property, spanning 1,400 square feet, was leased by Cafe Aroma. The landlord in this transaction is Edel Family Management Corp.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $235/ft
  • Square Footage: 1,400
  • Address: 837 Seventh Avenue
  • Market: New York

The lease deal was facilitated by James Famularo from Meridian Capital Group, representing the landlord, Edel Family Management Corp. Sung G Cho from Midtown Commercial Real Estate represented the tenant, Cafe Aroma.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

374 deals

Broker
MC
Management CorpLandlord
CA
Cafe AromaTenant

Cleveland 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

67502.13%

Cash-on-Cash

-19292.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93