Agnes Designs Leases Retail Space At 958 Lexington Avenue On Upper East Side
958 Lexington Avenue, Upper East Side, New York, NY, USA
Building Size
350 SF
Asset Type
Retail
Closing
Sep 29, 2020
About this deal
AI
Agnes Designs has signed a lease for a retail space located at 958 Lexington Avenue in the Upper East Side. The property, offered by Marolda Equities, features approximately 350 square feet of space. The asking rent for this retail unit is $240 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 958 Lexington Avenue
- Market: Upper East Side
- Asking Rent: $240/ft.
- Square Footage: 350
The deal was brokered by James Famularo from the Meridian Capital Group, representing Agnes Designs throughout the negotiation process.
Players
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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