Amiley Crafts Leases Retail Space At 946 Columbus Ave. In New York
946 Columbus Avenue, New York City, New York 10025, United States
Building Size
500 SF
Asset Type
Retail
Closing
May 3, 2022
About this deal
AI
The retail property located at 946 Columbus Ave. in New York was recently leased by Amiley Crafts. The property is owned by Pine Management. The leasing deal was facilitated by Ben Biberaj and Sammy Weiss of Meridian Retail Leasing. The lease transaction took place on May 4, 2022. The retail space covers an area of 500 square feet with an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: May 4, 2022
- Address: 946 Columbus Ave., New York
- Landlord: Pine Management
- Tenant: Amiley Crafts
- Brokers: Ben Biberaj & Sammy Weiss - Meridian Retail Leasing
- Asking Rent: $120 per square foot
- Square Footage: 500 sq. ft.
The leasing deal for the retail property at 946 Columbus Ave. was successfully executed by Ben Biberaj and Sammy Weiss, representing Meridian Retail Leasing. This transaction showcases the expertise and professionalism of these brokers in the New York market.
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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