Vault 134 Leases Retail Space At 134 Orchard Street In Lower East Side, NYC With Meridian Retail Leasing Representing The Tenant And Ben Biberaj & Sammy Weiss Representing The Landlord
134 Orchard Street
$180
$180/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Sep 22, 2022
AI
The retail space located at 134 Orchard Street in the Lower East Side has been leased to Vault 134. The property, spanning 1,800 square feet, was leased by tenant Vault 134 from landlord Steven Croman. The deal was facilitated by brokers Ben Biberaj and Sammy Weiss of Meridian Retail Leasing. The asking rent for the space was $180 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 134 Orchard Street
- Market: Lower East Side
Ben Biberaj and Sammy Weiss of Meridian Retail Leasing represented the tenant, Vault 134, in the lease transaction. The landlord, Steven Croman, agreed to lease the retail space to Vault 134 at an asking rent of $180 per square foot.
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