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
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