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108 Reade St New York, NY 1...

Meridian Capital Group And Greenberg Group Secure Lease For Sugared & Bronzed At 108 Reade Street, NYC
LEASEDRetail

Meridian Capital Group And Greenberg Group Secure Lease For Sugared & Bronzed At 108 Reade Street, NYC

108 Reade St New York, NY 10013, USA

$128

$128/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Aug 8, 2023

AI

The property involved in this lease transaction is a retail space located at 108 Reade Street in New York City. The asset spans approximately 1,500 square feet. The landlord, Gerry Nihan, has secured a tenant for this space, Sugared & Bronze. The lease deal was facilitated by brokers Evan Roteman and James Famularo from Meridian Capital Group, along with Zack Gross from Greenberg Group. The asking rent for this retail space was $128 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not applicable for a lease
  • Address: 108 Reade Street, New York City
  • Tenant: Sugared & Bronze
  • Landlord: Gerry Nihan
  • Brokers: Evan Roteman and James Famularo from Meridian Capital Group, and Zack Gross from Greenberg Group
  • Asking Rent: $128 per square foot

Evan Roteman and James Famularo, representing Meridian Capital Group, along with Zack Gross from Greenberg Group, played crucial roles in finalizing this lease deal. Their expertise in the New York City retail market helped secure Sugared & Bronze as the tenant for this prime retail space at 108 Reade Street.

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

123929.69%

Cash-on-Cash

-35419.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93