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
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