Sotheby's International Realty Leases Retail Space At 108 West 81st Street In New York City With Landlord's Rep Ben Biberaj From Meridian Capital Group
108 West 81st Street
$120
$120/SF
Building Size
800 SF
Asset Type
Retail
Closing
Apr 3, 2023
About this deal
AI
The retail property located at 108 West 81st Street has been leased in a transaction in New York City. The property spans approximately 800 square feet and was leased at an asking rent of $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 108 West 81st Street
- Market: New York City
- Asking Rent: $120/ft
The lease deal was facilitated by Ben Biberaj and Ben Howard from Meridian Capital Group, who represented the landlord. Megan Hait from Sotheby's International Realty acted as the tenant's representative in the transaction.
On the Map
$120
$120/SF
Retail
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Players
Market 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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93