Artesano Leases Retail Space At 10 Hope Street In New York City With Brokers John Roesch & Garrett Kelly - Meridian Capital Group
10 Hope St Brooklyn, NY 11211, USA
$85
$85/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 7, 2023
About this deal
AI
The property involved in this lease transaction is located at 10 Hope Street in New York City. It is a retail space with a total square footage of 5,000. The tenant for this space is Artesano.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $85 per square foot
- Square Footage: 5,000
- Tenant: Artesano
- Brokers: John Roesch & Garrett Kelly from Meridian Capital Group
John Roesch and Garrett Kelly from Meridian Capital Group represented the tenant, Artesano, in this lease transaction. The space being leased is a fully turnkey restaurant with a 3000 square foot outdoor patio. Additionally, it has a full liquor license already in place.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93