Adam Amsalem Leases Retail Space To Looseleaf International At 161 Orchard Street For $84/ft
161 Orchard Street
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 27, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 161 Orchard Street in the Lower East Side. The lease type is a Single Net Lease with an asking rent of $84 per square foot for a total area of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $84/ft
- Address: 161 Orchard Street
- Market: Lower East Side
- Landlord: Adam Amsalem
- Tenant: Looseleaf International
- Landlord's Representative: James Famularo - Meridian Capital Group
- Broker: Cole Kleppinger - Meridian Capital Group
The deal was facilitated with the involvement of James Famularo as the landlord's representative, alongside broker Cole Kleppinger, both from Meridian Capital Group. They played a crucial role in the negotiations for this lease agreement.
On the Map
Retail
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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
188845.24%
Cash-on-Cash
-53972.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93