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161 Orchard Street

Adam Amsalem Leases Retail Space To Looseleaf International At 161 Orchard Street For $84/ft
LEASEDRetail

Adam Amsalem Leases Retail Space To Looseleaf International At 161 Orchard Street For $84/ft

161 Orchard Street

$84

$84/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 27, 2025

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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