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Wine Merchants, 227 Mulberr...

Meridian Capital Group Brokers Lease Deal For 1,800 SF Retail Space In SoHo
LEASEDRetail

Meridian Capital Group Brokers Lease Deal For 1,800 SF Retail Space In SoHo

Wine Merchants, 227 Mulberry St, New York, Ny 10012, Usa

Building Size

1,800 SF

Asset Type

Retail

Closing

Sep 17, 2020

AI

227 Mulberry, a retail property located in SoHo, was recently leased by The Hakimian Organization. The lease was facilitated by brokers James Famularo, Yoni Hadar, and Isaac Bijou from Meridian Capital Group. The property spans approximately 1,800 square feet and had an asking rent of $167 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Date: 09/18/2020
  • Market: SoHo
  • Landlord: The Hakimian Organization
  • Brokers: James Famularo, Yoni Hadar, and Isaac Bijou from Meridian Capital Group
  • Asking Rent: $167/ft.
  • Square Footage: 1,800

The successful lease transaction of 227 Mulberry in SoHo was made possible through the efforts of brokers James Famularo, Yoni Hadar, and Isaac Bijou, representing Meridian Capital Group. This deal reflects the strong real estate market in the area, with an asking rent of $167 per square foot for an approximately 1,800 square feet retail space.

Players

Isaac Bijou

MOD

Broker

$1.4M

vol

41 deals

Broker
TO
The Hakimian OrganizationLandlord

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93