GJ’s Convenience Store Leases Retail Space On Rivington St. In Lower East Side
125 Rivington Street, New York City, New York 10002, United States
Building Size
2,500 SF
Asset Type
Retail
Closing
Jun 21, 2022
About this deal
AI
The retail property located at 125 Rivington St. in the Lower East Side of
Summary of Transaction Details
- Property Type: Retail
- Lease Date: 06/22/2022
- Address: 125 Rivington St.
- Market: Lower East Side
- Tenant: GJ’s Convenience Store
- Brokers: John Roesch & Kevin Bisconti - Meridian Retail Leasing
John Roesch and Kevin Bisconti of Meridian Retail Leasing represented GJ’s Convenience Store in securing the lease for the 2,500 square feet retail space. The asking rent for the property was $100 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93