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].
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
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