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115 East 27th Street

Tokuyamatcha & Onigirazu Bar Signs Retail Lease At 115 East 27th Street In NoMad, Manhattan
LEASEDRetail

Tokuyamatcha & Onigirazu Bar Signs Retail Lease At 115 East 27th Street In NoMad, Manhattan

115 East 27th Street

$127

$127/SF

Building Size

540 SF

Asset Type

Retail

Closing

Jan 22, 2024

AI

The retail property at 115 East 27th Street in NoMad, Manhattan has been leased to Tokuyamatcha & Onigirazu Bar. The property is owned by Schube Limited Partners and Salon Realty Corp, with Joshua Salon representing the landlords. The tenant was represented by Kyle Fink from Meridian Capital Group. The lease type is a retail lease, with an asking rent of $127 per square foot for a total size of 530 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 115 East 27th Street
  • Market: NoMad, Manhattan
  • Tenant: Tokuyamatcha & Onigirazu Bar
  • Landlord: Schube Limited Partners & Salon Realty Corp - Joshua Salon
  • Tenant's Representative: Kyle Fink - Meridian Capital Group
  • Landlord's Representative: Joshua Salon
  • Asking Rent: $127/ft
  • Square Footage: 530
  • Lease Type: Retail Lease

Kyle Fink from Meridian Capital Group played a crucial role as the tenant's representative in this lease transaction. Joshua Salon represented the landlords, Schube Limited Partners and Salon Realty Corp. The deal between the tenant, Tokuyamatcha & Onigirazu Bar, and the landlords involved negotiations for the retail lease at the property located at 115 East 27th Street in NoMad, Manhattan.

Players

Josh Salon

Salon Realty

Broker

2 deals

Broker

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

124905.51%

Cash-on-Cash

-35698.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93