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119 Baxter Street

Updated Dec 4, 2024

INE Concepts Signs Retail Lease At 119 Baxter Street In Chinatown, Manhattan
LEASEDRetail

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

Kevin Bisconti

Meridian Capital Group

Broker

51 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $144 per square foot on a published $144 for 500 square feet (2023).

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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

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