Mind Body & Soul Yoga Leases Retail Space In West Village At 304 West 11th St. From @9300Realty
304 W 11th St, New York, Ny 10014, Usa
$175
$175/SF
Building Size
450 SF
Asset Type
Retail
Closing
May 13, 2020
AI
The retail asset located at 304 West 11th St. in the West Village has a total square footage of 450 and was leased to the tenant Mind Body & Soul Yoga. The asking rent for this property was set at $6,500, translating to a price per square foot (PPSF) of $175.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $6,500
- Address: 304 West 11th St.
- Market: West Village
- Tenant: Mind Body & Soul Yoga
- Landlord: @9300Realty
- Brokers: Logan Ryan & James Famularo @Meridian.Capital.Group
Logan Ryan and James Famularo represented the landlord @9300Realty in this transaction, facilitating the lease agreement with the tenant. Their involvement highlights the roles of key individuals in executing the deal and making it successful.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93