Citi Bites Signs Lease For Retail Space In Lower East Side At 101 Stanton St
101 Stanton Street, New York, NY 10002, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Sep 24, 2021
About this deal
AI
A retail space located at 101 Stanton Street in the Lower East Side of New York City has been leased. The transaction took place on September 24, 2021. The property spans approximately 2,000 square feet and is owned by Rudd Realty, represented by Joshua Greenberg. The tenant, Citi Bites, has signed the lease for the retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 09/24/2021
- Address: 101 Stanton Street
- Market: Lower East Side
- Landlord: Rudd Realty - Joshua Greenberg
- Tenant: Citi Bites
- Brokers: Jordan Raphan & Samuel Chera - Assin Sabbagh Realty
- Asking Rent: $130/ft.
- Square Footage: 2,000
The deal was facilitated by brokers Jordan Raphan and Samuel Chera from Assin Sabbagh Realty. They represented the landlord, Rudd Realty, in the lease transaction with Citi Bites as the tenant.
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Retail
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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