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
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