Flat Out Burger Signs Retail Lease With Landlord James Guarino At 139 Eldridge Street
139 Eldridge Street
$100
$100/SF
Building Size
600 SF
Asset Type
Retail
Closing
Dec 4, 2025
AI
The property asset involved in this transaction is a retail space located at 139 Eldridge Street in the Lower East Side market. The asset features a total square footage of 600 and was leased at an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60,000
- Landlord: James Guarino
- Tenant: Flat Out Burger
- Lease Type: Retail Lease
- Date: 12/5/2025
- Brokers: Daniel Zacaim & Noam Aziz - Meridian Capital Group
Notably, Daniel Zacaim and Noam Aziz from Meridian Capital Group represented the landlords during the lease transaction process, facilitating the agreement between James Guarino and the tenant, Flat Out Burger.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93