Peach Bling Beauty Leases Retail Space From Gerry Nihan On 106 Reade Street For $204K
106 Reade Street
$136
$136/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Mar 18, 2025
AI
The property asset involved in the transaction is a retail space located at 106 Reade Street, New York. The lease agreement was finalized for a space covering 1,500 square feet with a rent of $136 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 106 Reade Street
- Market: New York
- Square Feet: 1500.0
- Tenant: Peach Bling Beauty
- Landlord: Gerry Nihan
- Tenant's Representatives: Stephen Ligambi (Meridian Capital Group), Kevin Bisconti (Meridian Capital Group)
- Landlord's Representatives: James Famularo (Meridian Capital Group), Bobby Ortense (Meridian Capital Group)
This transaction involved key individuals and companies, with Stephen Ligambi and Kevin Bisconti representing the tenant, Peach Bling Beauty, while James Famularo and Bobby Ortense acted on behalf of the landlord, Gerry Nihan. All representatives are affiliated with Meridian Capital Group.
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
116639.71%
Cash-on-Cash
-33335.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93