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:
- Property Type: Retail
- Transaction Amount: $360,000
- Address: 109 Ludlow Street
- Market: Lower East Side
- Tenant: G Way Jo
- Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Tenant's Representative: Jordan Cohen & David Scher - Lee & Associates
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
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