Art Up-Close Leases Retail Space At 155 Suffolk Street In New York City
155 Suffolk St New York, NY 10002, USA
$80
$80/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Jul 5, 2023
About this deal
AI
A retail property located at 155 Suffolk Street in New York City has been leased. The property spans 2,400 square feet and was leased by Art Up-Close. The landlord of the property is Paul Ng. The leasing transaction was facilitated by Joey Kafif from Safdie Realty Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 155 Suffolk Street
- Market: New York City
- Tenant: Art Up-Close
- Landlord: Paul Ng
- Broker: Joey Kafif - Safdie Realty Group
Safdie Realty Group (SRG), a brokerage agency representing landlords and tenants in Brooklyn, Bronx, Manhattan, and Queens, played a key role in this leasing deal. For any inquiries regarding finding a new retail space or leasing out vacant spaces, interested parties can contact Joey Kafif at [email protected].
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93