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
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