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111 Christopher Street, New...

Skyland Management Group Leases Retail Space To Len Yian At 111 Christopher Street, New York – Richard Nassimi & Johnny Loloi - The Nassimi Group
LEASEDRetail

Skyland Management Group Leases Retail Space To Len Yian At 111 Christopher Street, New York – Richard Nassimi & Johnny Loloi - The Nassimi Group

111 Christopher Street, New York City, New York 10014, United States

Building Size

1,400 SF

Asset Type

Retail

Closing

Mar 3, 2022

AI

The retail property located at 111 Christopher Street in New York has recently been leased. The lease was facilitated by brokers Richard Nassimi and Johnny Loloi from The Nassimi Group. The total square footage of the property is 1,400 square feet.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 111 Christopher Street, New York
  • Market: New York
  • Landlord: Skyland Management Group
  • Tenant: Len Yian
  • Brokers: Richard Nassimi & Johnny Loloi - The Nassimi Group
  • Asking Rent: $118/ft.

Richard Nassimi and Johnny Loloi, representing The Nassimi Group, successfully facilitated the lease transaction between the Skyland Management Group and Len Yian. This lease deal is a significant milestone in the retail market of New York.

Players

Richard Nassimi

Douglas Elliman

Broker

$68.7M

vol

38 deals

Broker
The Nassimi Group
The Nassimi GroupBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93