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104 Franklin St, New York, ...

Updated Sep 9, 2024

Erika Bloom Leases Retail Space At 104 Franklin St, New York, NY
LEASEDRetail

Erika Bloom Leases Retail Space At 104 Franklin St, New York, NY

104 Franklin St, New York, NY, 10013

Building Size

2,574 SF

Asset Type

Retail

Closing

Sep 23, 2021

About this deal

AI

The retail property located at 104 Franklin St, New York, NY, 10013, boasts 2574 square feet of space. The lease transaction for this asset was finalized on September 23, 2021, in the bustling New York market. Erika Bloom secured the tenancy with the representation of Michelle Ball from Rudd Realty Management.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Tenant: Erika Bloom
  • Tenant's Rep: Michelle Ball (Rudd Realty Management)
  • Address: 104 Franklin St, New York, NY, 10013
  • Market: New York
  • Square Feet: 2574

The landlord involved in the lease transaction remains unknown, while Erika Bloom, the tenant, partnered with Michelle Ball from Rudd Realty Management to secure the retail space. This deal highlights the cooperation between Erika and Michelle in finalizing the lease agreement, adding another successful transaction to their portfolios.

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Players

Michelle Ball

Rudd Realty Management

Broker

1 deal

Broker
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New York Retail Market Snapshot

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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

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