facebook

traded

+ Submit
Home

/

Deals

/

Ontario

/

All

/

Lease

/

493 Second Ave.

Peppas Jerk Chicken Leases Retail Space At 493 Second Ave. In New York
LEASED

Peppas Jerk Chicken Leases Retail Space At 493 Second Ave. In New York

493 Second Ave.

Building Size

Asset Type

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

Steve Croman

Centennial Properties

Broker

$50.1M

vol

40 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord
JC
Jerk ChickenTenant

Sault Ste. Marie CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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