CB Developers Leases Mixed-Use Space At 101 Ludlow Street In Lower East Side To Dough Pizza
101 Ludlow Street, New York, NY 10002
Building Size
475 SF
Asset Type
Mixed-use
Closing
Nov 23, 2020
AI
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: Lease
- Date: 11/24/2020
- Address: 101 Ludlow Street
- Market: Lower East Side
The leased property located at 101 Ludlow Street in the Lower East Side is a mixed-use asset. The deal was transacted on 11/24/2020.
The tenant for this lease is Dough Pizza, while the landlord is CB Developers. The brokers involved in this transaction are Ike Bibi, Carolina Aziz, Alec Namdar from Kassin Sabbagh Realty, and David Yablon from KatzRetail.
The asking rent for the property is $150 per square foot, with a total square footage of 475.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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