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143 Ludlow Street

Tamara Malas Leases Retail Space At 143 Ludlow Street Lower East Side For $165/ft
LEASEDRetail

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

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker

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