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112 Stanton Street

Sammys Roumanian Steakhouse Leases Mixed-Use Space In Lower East Side With Landlord's Rep Joey Kafif
LEASEDMixed-use

Sammys Roumanian Steakhouse Leases Mixed-Use Space In Lower East Side With Landlord's Rep Joey Kafif

112 Stanton Street

$110

$110/SF

Building Size

2,000 SF

Asset Type

Mixed-use

Closing

Jan 29, 2024

AI

The mixed-use property located at 112 Stanton Street in the Lower East Side has been leased. The tenant, Sammys Roumanian Steakhouse, has entered into a 15-year Modified Gross Lease agreement with the landlord, Lee Family. The lease covers a space of 2,000 square feet, and the asking rent for the property was $110 per square foot.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Transaction Amount: Not applicable
  • Address: 112 Stanton Street
  • Market: Lower East Side

Joey Kafif from Safdie Realty Group represented the landlord, Lee Family, in the leasing transaction. The tenant, Sammys Roumanian Steakhouse, was represented by Harris Bulow from FlagshipEra.

For those seeking assistance in finding new spaces or leasing out vacant spaces in Brooklyn, Bronx, Manhattan, or Queens, Safdie Realty Group (SRG) can be contacted. To get in touch with Joey Kafif, you can reach out to him via email at [email protected].

Players

Harris Bulow

FlagshipEra

Broker

5 deals

Broker

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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93