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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $135.00/ft
- Address: 853 Lexington Avenue
- Market: Lenox Hill, Manhattan
- Landlord: The Beekman Estate
- Landlord's Representative: Garrett Kelly & Justin Bustamante - Meridian Capital Group
- Tenant: Monsieur Bistro
- Tenant's Representative: Henry Rossignol - CBRE
- Lease Type: Retail Lease
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.
On the Map
$135
$135/SF
Retail
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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
117503.70%
Cash-on-Cash
-33582.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93