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853 Lexington Avenue

Monsieur Bistro Leases Retail Space At 853 Lexington Avenue From The Beekman Estate
LEASEDRetail

Monsieur Bistro Leases Retail Space At 853 Lexington Avenue From The Beekman Estate

853 Lexington Avenue

$135

$135/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Jun 17, 2024

AI

The retail asset located at 853 Lexington Avenue in Lenox Hill, Manhattan, encompasses a total square footage of 1,100. The asking rent for the property is set at $135.00 per square foot.

Summary of transaction details:

The transaction was facilitated by Garrett Kelly and Justin Bustamante representing the landlord, while Henry Rossignol acted on behalf of the tenant. The lease has been established under the retail lease category.

Players

Henry Rossignol

CBRE

Broker

10 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

117503.70%

Cash-on-Cash

-33582.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93