Village Cafe & Grill Leases Mixed-use Space At 128 East 4th Street In East Village
128 E 4th St, New York, NY 10003, USA
Building Size
1,200 SF
Asset Type
Mixed-use
Closing
Sep 23, 2020
AI
The mixed-use property located at 128 East 4th Street in the East Village has been leased to Village Cafe & Grill. The lease was secured on September 24, 2020, and the tenant will occupy a space of approximately 1,200 square feet. The asking rent for the property was $120 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Date: 09/24/2020
- Address: 128 East 4th Street
- Market: East Village
- Asking Rent: $120/ft.
- Square Footage: 1,200
- Tenant: Village Cafe & Grill
Ehab Elshinawy and Nathan Horne from Compass Commercial NYC represented both the landlord, David Kuperberg, and the tenant, Village Cafe & Grill, in this lease transaction.
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