Jakobson Properties Leases Retail Space To Ramovecchi & Co Corp At 124 Macdougal Street
124 Macdougal Street
$166
$166/SF
Building Size
300 SF
Asset Type
Retail
Closing
Jan 10, 2026
AI
The asset involved in this transaction is a retail space located at 124 Macdougal Street in the Greenwich Village market. The property has a lease type classified as a Single Net Lease and has an asking rent of $166 per square foot for a total space of 300 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $166/ft
- Square Footage: 300
- Address: 124 Macdougal Street
- Market: Greenwich Village
- Landlord: Jakobson Properties
- Tenant: Ramovecchi & Co Corp
- Landlord's Representative: James Famularo & Cole Kleppinger - Meridian Capital Group
- Tenant's Representative: Will Sine - Meridian Retail Leasing
This transaction involves key representatives from Meridian Capital Group and Meridian Retail Leasing, with James Famularo and Cole Kleppinger representing the landlord, Jakobson Properties, while Will Sine represents the tenant, Ramovecchi & Co Corp.
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
95560.24%
Cash-on-Cash
-27311.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93