Not Another Child Leases Retail Space At 301 East 108th Street In Manhattan With Tenant's Rep Alec Namdar – KSR
301 East 108th Street
$70
$70/SF
Building Size
600 SF
Asset Type
—
Closing
Aug 11, 2022
About this deal
AI
The retail property located at 301 East 108th Street in Manhattan has been leased. The landlord, Centennial Properties, has secured a tenant for the space. The tenant is Not Another Child.
Summary of transaction details
- Property Type: Retail
- Address: 301 East 108th Street
- Market: Manhattan
Alec Namdar from KSR represented the tenant, Not Another Child, in this lease transaction. Dane Harlowe from Meridian Retail Leasing represented the landlord, Centennial Properties.
The asking rent for the retail space was $70 per square foot, with a total area of 600 square feet.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93