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945 Columbus Avenue

Amit Doshi Leases Retail Space At 945 Columbus Avenue To TSS Phones & Computers
LEASEDRetail

Amit Doshi Leases Retail Space At 945 Columbus Avenue To TSS Phones & Computers

945 Columbus Avenue

$140

$140/SF

Building Size

300 SF

Asset Type

Retail

Closing

Jan 13, 2025

AI

The retail property located at 945 Columbus Avenue in the Manhattan Valley market has a lease recently finalized. The space measures 300 square feet, with an asking rent of $140 per square foot. The lease type is designated as a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $140/ft
  • Square Footage: 300
  • Address: 945 Columbus Avenue
  • Market: Manhattan Valley
  • Landlord: Amit Doshi
  • Tenant: TSS Phones & Computers
  • Broker Representatives: James Famularo & Fink - Meridian Capital Group
  • Date of Transaction: 01/13/2025

This transaction involved Amit Doshi as the landlord and TSS Phones & Computers as the tenant, facilitated by brokers James Famularo and Fink from Meridian Capital Group, who handled the deal specifics and negotiations.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 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

113307.14%

Cash-on-Cash

-32383.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93