AZ Smoke Shop Corp. Leases Retail Space In Upper West Side, NYC
932 Amsterdam Avenue, Manhattan, New York, NY, USA
Building Size
700 SF
Asset Type
Retail
Closing
May 14, 2021
About this deal
AI
A retail property located at 932 Amsterdam Avenue in the Upper West Side of New York City has been leased. The lease transaction took place on 05/15/2021.
Summary of transation details
- Property Type: Retail
- Address: 932 Amsterdam Avenue
- Market: Upper West Side
The tenant for this leased property is AZ Smoke Shop Corp. The lease was facilitated by Isaac Bijou and James Famularo from Meridian Retail Leasing, who served as the brokers representing the parties involved in the deal.
The asking rent for this retail space was $120 per square foot, with a total square footage of 700 square feet.
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