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
About this deal
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.
On the Map
$235
$235/SF
Retail
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Players
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