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108 West 81st Street

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
LEASEDRetail

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

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker

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