Sculpt Nyc Leases Retail Space At 126 Alexander Ave In Mott Haven With Landlord Doug Sitt
126 Alexander Avenue
$60
$60/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Dec 15, 2022
AI
The retail property located at 126 Alexander Avenue in the Mott Haven neighborhood has been leased. The landlord, Doug Sitt, has entered into a lease agreement with Sculpt Nyc as the new tenant. The deal was facilitated by Andrew Roth of Somerset Real Estate acting as the broker for both parties.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $60 per square foot
- Square Footage: 1,600
- Date: 12/15/2022
- Market: Mott Haven
- Landlord: Doug Sitt
- Tenant: Sculpt Nyc
- Broker: Andrew Roth - Somerset Real Estate
The lease transaction represents a successful agreement for all parties involved. Sculpt Nyc will now occupy this retail space, allowing them to establish their presence in the Mott Haven market. Andrew Roth of Somerset Real Estate played a crucial role in facilitating the deal between Doug Sitt, the landlord, and Sculpt Nyc, the tenant.
Mott Haven 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93