143 Convenience Corp Leases Retail Space In East Village From Kushner Properties
143 1st Avenue, New York City, New York 10003, United States
Building Size
900 SF
Asset Type
Retail
Closing
Mar 23, 2022
About this deal
AI
The retail property located at 143 First Avenue in East Village has been leased. The lease transaction was finalized on 03/24/2022.
Summary of transaction details
- Property Type: Retail
- Address: 143 First Avenue
- Market: East Village
The landlord for this property is Kushner Properties, while the tenant is 143 Convenience Corp. The tenant was represented by Alex Imperatore from Meridian Retail Leasing. On the other hand, RAE Leasing acted as the landlord's representative.
The asking rent for this retail space was $105 per square foot. The total square footage of the leased area is 900 square feet.
On the Map
Retail
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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