facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

118 Orchard Street, Manhatt...

The UPS Store Leases Retail Space At 118 Orchard Street In Lower East Side Via Helm Equities And Watch Hill Real Estate
LEASEDRetail

The UPS Store Leases Retail Space At 118 Orchard Street In Lower East Side Via Helm Equities And Watch Hill Real Estate

118 Orchard Street, Manhattan, New York, NY, USA

Building Size

1,000 SF

Asset Type

Retail

Closing

Aug 18, 2020

AI

The retail property located at 118 Orchard Street in the Lower East Side has recently been leased. The transaction took place on August 18, 2021.

Summary of transaction details

  • Property Type: Retail
  • Tenant: The @UPS Store
  • Landlord: Helm Equities
  • Tenant's Representative: Alex Furst - Watch Hill Real Estate
  • Landlord's Representatives: Gabe Icikson & David Green - KSR
  • Asking Rent: $140/ft.
  • Square Footage: 1,000 SF

The @UPS Store has leased the retail space at 118 Orchard Street. The transaction was brokered by Alex Furst from Watch Hill Real Estate, representing the tenant, and Gabe Icikson & David Green from KSR, representing the landlord, Helm Equities. The asking rent for the 1,000 square foot space was $140 per square foot.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
HE
Helm EquitiesLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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