Ramen Danbo Signs Ten-Year Lease At 48 Carmine Street In West Village
48 Carmine St, New York, NY 10014, USA
Building Size
935 SF
Asset Type
Mixed-use
Closing
Sep 5, 2019
AI
Located in the vibrant West Village market, the mixed-use property at 48 Carmine Street has recently undergone a closed transaction. The deal involved the tenant Ramen Danbo and the landlord Susanne Kunz-Schneider, with Udi Eliasi and Sam Flaxman representing both parties. The property is spread over 935 square feet and boasts an asking rent of $13,500, resulting in a price per square foot of $173.5.
Summary of transation details
- Property Type: Mixed-use
- Tenant: Ramen Danbo
- Landlord: Susanne Kunz-Schneider
- Brokers: Udi Eliasi & Sam Flaxman
This ten-year deal marks the second establishment for Ramen Danbo in the area, indicating their success and growth. The team at Udi Eliasi and Sam Flaxman's agency, alongside Soichiro Minami, facilitated the smooth execution of this transaction, ensuring the satisfaction of all parties involved. The West Village is renowned for its vibrant atmosphere and diverse culinary scene, making it an ideal location for a thriving restaurant like Ramen Danbo.
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