Heights Aesthetics Center Leases Retail Space At 110 Montague St. In New York City
110 Montague Street
$125
$125/SF
Building Size
1,900 SF
Asset Type
Retail
Closing
Jan 27, 2023
About this deal
AI
The retail property located at 110 Montague Street in New York City has been leased. The landlord for this transaction is A Ruth & Sons Real Estate, while Heights Aesthetics Center will be the tenant. The lease was facilitated by Barry Fishbach and Aric Trakhtenberg from Newmark. The leasing terms include a duration of 10 years.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $125/ft
- Square Footage: 1,900
- Lease Term: 10 years
- Landlord: A Ruth & Sons Real Estate
- Tenant: Heights Aesthetics Center
- Brokers: Barry Fishbach & Aric Trakhtenberg - Newmark
This lease agreement between A Ruth & Sons Real Estate and Heights Aesthetics Center was made possible with the representation of Barry Fishbach and Aric Trakhtenberg, brokers from Newmark. The lease term of 10 years ensures a long-term arrangement for both parties involved in this transaction.
On the Map
$125
$125/SF
Retail
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Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93