Bagels & Co Leases Retail Space At 327 First Avenue In Gramercy
327 First Avenue
$180
$180/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Feb 24, 2023
AI
The retail property located at 327 First Avenue in the Gramercy market has been leased. The tenant, Bagels & Co, has signed a lease agreement with the landlords, Alex Kahen and Jerry Kahen. The lease transaction was facilitated by brokers Carolina Aziz, Madeleine Soffer, Ike Bibi, and Claude Kolb of KSR. The property spans 1,200 square feet and the asking rent was $180 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 327 First Avenue
- Market: Gramercy
- Tenant: Bagels & Co
- Landlords: Alex Kahen and Jerry Kahen
- Brokers: Carolina Aziz, Madeleine Soffer, Ike Bibi, and Claude Kolb - KSR
- Asking Rent: $180/ft
- Square Footage: 1,200
Carolina Aziz, Madeleine Soffer, Ike Bibi, and Claude Kolb of KSR played a crucial role as the tenant's representatives in the lease deal for the retail property at 327 First Avenue in Gramercy.
Players
State College 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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93