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106 Reade Street

Peach Bling Beauty Leases Retail Space From Gerry Nihan On 106 Reade Street For $204K
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

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