Aji Sushi Leases Retail Space In Midtown East For $180/ft
838 2nd Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 8, 2021
AI
An retail space located at 838 Second Ave in Midtown East has been leased. The property, spanning 1,000 square feet, was leased to Aji Sushi. The deal was facilitated by the brokers Ben Biberaj and Alex Imperatore from Meridian Retail Leasing. The landlord in this transaction is Hildreth Advisors.
Summary of transation details
- Property Type: Retail
- Transaction Date: 11/08/2021
- Address: 838 Second Ave.
- Market: Midtown East
- Landlord: @Hildreth.Advisors
- Tenant: Aji Sushi
- Brokers: Ben Biberaj & Alex Imperatore - Meridian Retail Leasing
- Asking Rent: $180/ft.
- Square Footage: 1,000
Ben Biberaj and Alex Imperatore from Meridian Retail Leasing played a pivotal role in facilitating the lease of the retail space. The landlord, Hildreth Advisors, agreed to lease the property to Aji Sushi. The terms of the lease included an asking rent of $180 per square foot for the 1,000 square foot space.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93