LEASED
Peppas Jerk Chicken Leases Retail Space At 493 Second Ave. In New York
493 Second Ave.
Building Size
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Asset Type
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Closing
Sep 12, 2022
AI
The property asset involved in the transaction is located at 493 Second Ave. in New York. This retail space spans 750 square feet and had an asking rent of $140 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $140/ft.
- Address: 493 Second Ave.
- Market: New York
- Landlord: Steve Croman
- Tenant: Peppas Jerk Chicken
- Broker: Ben Biberaj - Meridian Retail Leasing
In this transaction, Ben Biberaj represented the landlord, Steve Croman, and successfully secured Peppas Jerk Chicken as the tenant for the retail space.
Players
Sault Ste. Marie CRE Market Snapshot
Boundary boundary · CRE · 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