Blank Slate Coffee & Kitchen Leases 2100 Square Feet At 941 2nd Ave New York
941 2nd Ave, New York, NY, 10022
Building Size
2,100 SF
Asset Type
Retail
Closing
Feb 19, 2019
AI
The property asset involved in this transaction is located at 941 2nd Ave, New York, NY, 10022. The leased property encompasses a total square footage of 2100 in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Blank Slate Coffee + Kitchen
- Landlord: Steven Croman
- Tenant's Representative: Matthew Schuss - JLL
- Landlord's Representative: James Famularo - Meridian Capital Group
The deal involved multiple key individuals and companies, with Steven Croman serving as the landlord and Blank Slate Coffee + Kitchen as the tenant. Matthew Schuss from JLL represented the tenant, while James Famularo from Meridian Capital Group represented the landlord in the transaction.
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