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954 Lexington Avenue

Classic Barber Shop NY Leases Retail Space At 954 Lexington Avenue In Lenox Hill, Manhattan
LEASEDRetail

Classic Barber Shop NY Leases Retail Space At 954 Lexington Avenue In Lenox Hill, Manhattan

954 Lexington Avenue

$180

$180/SF

Building Size

300 SF

Asset Type

Retail

Closing

Sep 26, 2023

AI

The retail property located at 954 Lexington Avenue in Lenox Hill, Manhattan has recently been leased. The property is owned by Direct Property Manager and the tenant for this lease is Classic Barber Shop NY. The lease deal was facilitated by brokers Noam Aziz, Evan Roteman, and James Famularo of Meridian Capital Group. The asking rent for this space is $180 per square foot, with a total square footage of 300.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified in the CONTEXT
  • Address: 954 Lexington Avenue, Lenox Hill, Manhattan
  • Market: Lenox Hill, Manhattan
  • Landlord: Direct Property Manager
  • Tenant: Classic Barber Shop NY
  • Brokers: Noam Aziz, Evan Roteman, James Famularo - Meridian Capital Group
  • Asking Rent: $180 per square foot
  • Square Footage: 300

No additional details have been provided in the CONTEXT regarding the key individuals involved or any other specific information related to this lease.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
CN
Classic Barber Shop NYTenant

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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93