Thrive Menu Leases 2000 Square Feet At 88 Clinton St In New York With Landlord 88 Clinton Street LLC
88 Clinton St, New York, NY, 10002
Building Size
2,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 88 Clinton St, New York, NY, 10002. It encompasses a total area of 2,000 square feet and is situated in the New York market. The landlord is 88 Clinton Street LLC, while the tenant is Thrive Menu.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 88 Clinton St, New York, NY, 10002
- Square Feet: 2,000
- Landlord: 88 Clinton Street LLC
- Tenant: Thrive Menu
- Landlord's Representative: Daniel Barcelowsky-Evergreen Realty & Investments
In this lease transaction, Thrive Menu will occupy the space managed by 88 Clinton Street LLC. Daniel Barcelowsky, representing Evergreen Realty & Investments, facilitated the dealings between both parties in this agreement.
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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