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109 Ludlow Street

G Way Jo Leases 3600 SF Retail Space At 109 Ludlow Street With Tenant's Rep Lee & Associates
LEASEDRetail

G Way Jo Leases 3600 SF Retail Space At 109 Ludlow Street With Tenant's Rep Lee & Associates

109 Ludlow Street

$100

$100/SF

Building Size

3,600 SF

Asset Type

Retail

Closing

Jul 31, 2025

AI

The property asset involved in the transaction is a retail space located at 109 Ludlow Street in the Lower East Side. The lease has an asking rent of $100 per square foot for a total area of 3,600 square feet. This is categorized under a Modified Gross Lease.

Summary of transaction details:

The deal involved key representatives from Meridien Capital Group and Lee & Associates, with Noam Aziz and Carson Shahrabani representing the landlord. On the tenant's side, Jordan Cohen and David Scher facilitated the negotiations for G Way Jo.

Players

David Scher

Lee & Associates

Broker

8 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93