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125 East 4th Street, New Yo...

Top Pretty Nail Salon Leases Retail Space At 125 E. 4th St. In East Village
LEASEDRetail

Top Pretty Nail Salon Leases Retail Space At 125 E. 4th St. In East Village

125 East 4th Street, New York City, New York 10003, United States

Building Size

500 SF

Asset Type

Retail

Closing

Jun 14, 2022

AI

Located in the vibrant East Village market, a retail space at 125 E. 4th St. has recently been leased. The property, measuring 500 square feet, was leased to Top Pretty Nail Salon. Represented by Jeremy Kamali from J3K Real Estate, the deal was facilitated by landlord Jerry Atkins. The asking rent for the space was $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Leased
  • Address: 125 E. 4th St.
  • Market: East Village
  • Tenant: Top Pretty Nail Salon
  • Broker: Jeremy Kamali - J3K Real Estate
  • Asking Rent: $120/ft.
  • Square footage: 500

The successful lease agreement was made possible through the efforts of Jeremy Kamali from J3K Real Estate, who represented the tenant, Top Pretty Nail Salon. The landlord, Jerry Atkins, negotiated the terms, resulting in the satisfactory leasing of the 500 square foot retail space at 125 E. 4th St. in the East Village.

Players

Jeremy Kamali

J3K Real Estate

Broker

$9.5M

vol

24 deals

Broker
Jerry Atkins

Jerry Atkins

Landlord

$28.6M

vol

8 deals

Landlord
TS
Top Pretty Nail SalonTenant

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