Édny Medor Leases Retail Space To Classic Barbershop NY At 130 Church Street In Manhattan
130 Church Street
$180
$180/SF
Building Size
600 SF
Asset Type
Retail
Closing
Apr 30, 2025
About this deal
AI
The leased asset is located at 130 Church Street in Manhattan, specifically designated for retail use. The property comprises a total area of 600 square feet and has an asking rent of $180 per square foot under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $180/ft
- Address: 130 Church Street
- Market: Manhattan
- Square Footage: 600
- Landlord: Édny Medor
- Tenant: Classic Barbershop NY
- Landlord's Representative: Andrew Stern - Newmark
- Tenant's Representatives: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Modified Gross Lease
The transaction involves key representatives from both sides of the deal. The landlord, Édny Medor, is represented by Andrew Stern from Newmark, whereas the tenant, Classic Barbershop NY, is represented by Noam Aziz and Carson Shahrabani from Meridian Capital Group.
On the Map
$180
$180/SF
Retail
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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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93