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110 Montague Street

Heights Aesthetics Center Leases Retail Space At 110 Montague St. In New York City
LEASEDRetail

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

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.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker
RE
Ruth & Sons Real EstateLandlord
HC
Heights Aesthetics CenterTenant

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93