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125 Maiden Lane

Uncle Of All Convenience Leases Retail Space At 125 Maiden Ln. In Financial District
LEASEDRetail

Uncle Of All Convenience Leases Retail Space At 125 Maiden Ln. In Financial District

125 Maiden Lane

$120

Building Size

Asset Type

Retail

Closing

Aug 31, 2022

AI

Located at 125 Maiden Ln. in the Financial District, a retail space has been leased. The property, spanning 1,000 square feet, was leased by Uncle of All Convenience. The deal was facilitated by John Roesch from Meridian Retail Leasing and Scott Klatsky from Time Equities. The leasing transaction took place on 8/31/2022. The asking rent for the space was $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 08/31/2022
  • Address: 125 Maiden Ln.
  • Market: Financial District
  • Tenant: Uncle of All Convenience
  • Brokers: John Roesch - Meridian Retail Leasing & Scott Klatsky - Time Equities
  • Asking Rent: $120/ft.
  • Square Footage: 1,000

The leasing deal was successfully closed with the involvement of John Roesch from Meridian Retail Leasing and Scott Klatsky from Time Equities. These brokers worked together to secure the lease agreement between the property owner and Uncle of All Convenience. The leasing transaction was finalized on 8/31/2022, with an asking rent of $120 per square foot for the 1,000 square feet of retail space at 125 Maiden Ln.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93