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145 Orchard St New York, NY...

Snazzy Leases Retail Space At 145 Orchard Street In New York City
LEASEDRetail

Snazzy Leases Retail Space At 145 Orchard Street In New York City

145 Orchard St New York, NY 10002, USA

$120

$120/SF

Building Size

470 SF

Asset Type

Retail

Closing

Jun 2, 2023

AI

The retail property located at 145 Orchard Street in New York City has been leased. The landlord, Horseshoe Realty, has entered into a lease agreement with the tenant, Snazzy. The leasing transaction was facilitated by the tenant's representatives, Damian Meehan and Jonathan Goldberg from Merdian Capital Group, and the landlord's representative, Samuel Riabkov from Metropolitan Property Group.

Summary of transaction details:

  • Property Type: Retail
  • Lease Date: 06/02/2023
  • Address: 145 Orchard Street, New York City
  • Market: New York City
  • Asking Rent: $120/ft
  • Square Footage: 470 SF

Samuel Riabkov, from Metropolitan Property Group, assisted Horseshoe Realty as their representative in this lease transaction. Damian Meehan and Jonathan Goldberg, from Meridian Capital Group, acted as the tenant's representatives, securing the deal on behalf of Snazzy.

Players

Jonathan Goldberg

Voro Real Estate

Broker

5 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93