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48 Carmine St, New York, NY...

Ramen Danbo Signs Ten-Year Lease At 48 Carmine Street In West Village
LEASEDMixed-use

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

Sam Flaxman

Compass

Broker

1 deal

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93