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134 Orchard Street

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
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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