Myths NYC Leases Retail Space At 114 Stanton Street On Lower East Side
114 Stanton Street, New York, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 31, 2021
About this deal
AI
The leased property is located at 114 Stanton Street in the Lower East Side. It is a retail space with a total area of 1,500 square feet. The tenant, Myths NYC, will be occupying the premises. The landlord in this transaction is Christopher Lee. The lease deal was facilitated by Joseph Safdie from Safdie Realty Group.
Summary of transation details
- Property Type: Retail
- Asking Rent: $125/ft.
- Total Square Footage: 1,500
- Tenant: Myths NYC
- Landlord: Christopher Lee
- Broker: Joseph Safdie - Safdie Realty Group
During a challenging real estate market affected by the COVID-19 pandemic, Safdie Realty Group successfully managed to secure multiple offers for this retail lease. The transaction was seamless, resulting in both the tenant and the owner being extremely satisfied with the outcome. If you are interested in retail leasing, building sales, or residential rentals in New York City, you can contact Safdie Realty Group:
Email: [email protected]
Phone: 347-200-1661
Email: [email protected]
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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