Meridian Capital Group Represents Tenant In Lease At 97 Lexington Avenue, Kips Bay Retail
97 Lexington Avenue, New York City, New York 10016, United States
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 31, 2022
About this deal
AI
Located in the Kips Bay market, the retail property at 97 Lexington Avenue has recently been leased. The transaction took place on 02/01/2022, with an asking rent of $150 per square foot for a total space of 1,000 square feet.
Summary of transaction details
- Property Type: Retail
- Tenant's Representative: Andrew Ingber - Meridian Capital Group
- Landlord's Representative: William Akleh - Sido New York
Andrew Ingber from Meridian Capital Group represented the tenant in this leasing deal, while William Akleh from Sido New York acted as the landlord's representative. Both parties worked together to negotiate the terms and conditions of the lease.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93