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132 Allen St, New York, NY ...

Fancy Pharmacy Inc. Leases 1,200 SF Retail Space At 132 Allen Street In Lower East Side
LEASEDRetail

Fancy Pharmacy Inc. Leases 1,200 SF Retail Space At 132 Allen Street In Lower East Side

132 Allen St, New York, NY 10002, USA

Building Size

12,000 SF

Asset Type

Retail

Closing

Jan 23, 2020

AI

Fancy Pharmacy Inc. has recently completed a closed property transaction in the Lower East Side market. The retail space, located at 132 Allen Street, spans 1,200 square feet. The deal was facilitated by Misrahi Realty Group, represented by Jason Misrahi, Kavan Edwards, and Noah Neacsu. The asking rent for the space was $79 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 132 Allen Street
  • Market: Lower East Side
  • Square Footage: 1,200
  • Tenant: Fancy Pharmacy Inc.
  • Asking Rent: $79
  • Brokers: Misrahi Realty Group - Jason Misrahi, Kavan Edwards, Noah Neacsu

The involvement of Misrahi Realty Group, led by Jason Misrahi, Kavan Edwards, and Noah Neacsu, highlights their expertise in the retail market. They successfully negotiated the deal on behalf of Fancy Pharmacy Inc., securing a favorable lease agreement. The location of the property on Allen Street adds to its appeal, benefiting both the tenant and the market.

Players

Jason Misrahi

Misrahi Realty

Broker

$9.6M

vol

2 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93