Vive Le Crepe Leases Retail Space At 956 Lexington Avenue In New York City
956 Lexington Avenue
$360
$360/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
May 3, 2023
About this deal
AI
Located at 956 Lexington Avenue in New York City, this retail property was recently leased by Direct Property Management to Vive Le Crepe. The transaction was facilitated by James Famularo of Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Asking Rent: $360/ft
- Square Footage: 600
Direct Property Management, the landlord, successfully leased the retail space to Vive Le Crepe. The deal was negotiated by James Famularo from Meridian Capital Group, representing the tenant. This lease transaction represents another successful deal for all parties involved.
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
44063.89%
Cash-on-Cash
-12593.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93