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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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