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120 Macdougal St, New York,...

Van Leeuwen Artisan Ice Cream Leases 500 Square Feet At 120 Macdougal St New York
LEASEDRetail

Van Leeuwen Artisan Ice Cream Leases 500 Square Feet At 120 Macdougal St New York

120 Macdougal St, New York, NY, 10012

Building Size

500 SF

Asset Type

Retail

Closing

Dec 14, 2018

AI

The lease property is located at 120 Macdougal St, New York, NY, 10012, within the New York market. It encompasses a total area of 500 square feet, facilitating the operations of the tenant.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Specified
  • Tenant: Van Leeuwen Artisan Ice Cream
  • Landlord: Kushner Companies
  • Tenant's Representative: Jaime Schultz - Lee & Associates
  • Landlord's Representative: Max Swerdloff

This transaction involves key representatives in the real estate sector, with Jaime Schultz representing the tenant, Van Leeuwen Artisan Ice Cream, and Max Swerdloff representing the landlord, Kushner Companies, showcasing the collaborative effort between both parties in securing the lease agreement.

Players

Max Swerdloff

Broker

12 deals

Broker
Kushner Companies
Kushner CompaniesLandlord

Van Leeuwen

Van Leeuwen Artisan Ice Cream

Tenant

2 deals

Tenant

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