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126 Alexander Avenue

Sculpt Nyc Leases Retail Space At 126 Alexander Ave In Mott Haven With Landlord Doug Sitt
LEASEDRetail

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.

Players

Andrew J. Roth

Somerset Residential

Broker

$11.5M

vol

13 deals

Broker

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