INE Concepts Signs Retail Lease At 119 Baxter Street In Chinatown, Manhattan
119 Baxter Street
$144
$144/SF
Building Size
500 SF
Asset Type
Retail
Closing
Dec 26, 2023
About this deal
AI
Located at 119 Baxter Street in Chinatown, Manhattan, this retail lease transaction involved INE Concepts as the tenant. The landlord, Kenneth Wentworth, represented by Eduard Zaytsev of Camelot Realty Group, agreed to lease the retail space to INE Concepts. The tenant was represented by Kevin Bisconti and Max Kemp of Meridian Capital Group. The retail lease offered a space of 500 square feet at an asking rent of $144 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
Eduard Zaytsev from Camelot Realty Group acted as the landlord's representative in this deal, facilitating the lease agreement between Kenneth Wentworth, the landlord, and INE Concepts, the tenant. On the other hand, Kevin Bisconti and Max Kemp, from Meridian Capital Group, represented the interests of INE Concepts during the negotiation process.
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
110159.72%
Cash-on-Cash
-31483.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93