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327 First Avenue

Bagels & Co Leases Retail Space At 327 First Avenue In Gramercy
LEASEDRetail

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

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

Alex Kahen

Kahen Properties

Landlord

$74.9M

vol

9 deals

Landlord
BC
Bagels & CoTenant

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