Parag Sawhney Jaan Leases Retail Space To Arete Studios At 116 Suffolk Street For $100/ft
116 Suffolk Street
$100
$100/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Apr 8, 2026
About this deal
AI
This retail asset is located at 116 Suffolk Street in the Lower East Side market. It involves a lease with an asking rent of $100 per square foot for a total area of 2,500 square feet. The lease type is a single net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $250,000
- Landlord: Parag Sawhney Jaan
- Tenant: Arete Studios
- Landlord's Representative: Noam Aziz, Carson Shahrabani & Max Freudenberger - Meridian Capital Group
- Tenant's Representative: Max Swerdloff & Isabel Krajovan - AMPS
The transaction was facilitated by Meridian Capital Group representing the landlord alongside AMPS representing the tenant, highlighting the collaborative efforts of both parties in securing this lease agreement.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93