Tamara Malas Leases Retail Space At 143 Ludlow Street Lower East Side For $165/ft
143 Ludlow Street
$165
$165/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Jul 11, 2024
AI
This retail lease transaction involves a property located at 143 Ludlow Street in the Lower East Side market. The lease is for a space measuring 1,600 square feet, with an asking rent of $165 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $264,000
- Landlord: Samy Mahfar - SMA Equities
- Tenant: Tamara Malas
- Landlord's Representative: Albert Salameh & David Green - KSR
- Tenant's Representative: Abe Smouha - RJB Real Estate
- Lease Type: Retail Lease
Albert Salameh and David Green from KSR represent the landlord, while Abe Smouha from RJB Real Estaterepresents the tenant in this transaction. Note that RJBRE is enthusiastic about bringing Tamara Malas to the Lower East Side.
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
96139.39%
Cash-on-Cash
-27476.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93