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120 Christopher St New York...

Updated Oct 29, 2024

Centennial Properties Leases Retail Space To Sho Tse At 120 Christopher Street In New York City
LEASEDRetail

Centennial Properties Leases Retail Space To Sho Tse At 120 Christopher Street In New York City

120 Christopher St New York, NY 10014, USA

$205

$205/SF

Building Size

500 SF

Asset Type

Retail

Closing

Jul 17, 2023

About this deal

AI

The retail property located at 120 Christopher Street in New York City has been leased. The asset, with a total area of 500 square feet, was leased by Sho Tse. The landlord, Centennial Properties, was represented by Ben Biberaj and Elliot Wygoda from Meridian Capital Group. Pual Risoli from Corbett & Dullea Retail Estate acted as the tenant's representative in this transaction. The asking rent for the property was $205 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Date: 07/17/2023
  • Address: 120 Christopher Street
  • Market: New York City

Ben Biberaj and Elliot Wygoda from Meridian Capital Group, representing the landlord, played a crucial role in finalizing the lease for the retail property at 120 Christopher Street. Pual Risoli, the tenant's representative from Corbett & Dullea Retail Estate, worked closely with Sho Tse to secure the lease agreement. This transaction demonstrates the collaboration between these key individuals and companies in the New York City real estate market.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

204 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $205 per square foot on a published $205 for 500 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

77380.49%

Cash-on-Cash

-22115.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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