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
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
77380.49%
Cash-on-Cash
-22115.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93