La Bella Vita Leases Retail Space At 171 Mulberry Street In NoLiTa
171 Mulberry Street, Manhattan, New York, NY, USA
Building Size
4,000 SF
Asset Type
Retail
Closing
Mar 5, 2021
About this deal
AI
The retail property located at 171 Mulberry Street in NoLiTa has been leased. The transaction took place on 03/06/2021. The asset, covering approximately 4,000 square feet, was leased by La Bella Vita, an Italian retailer. The asking rent for the space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 171 Mulberry Street
- Market: NoLiTa
- Tenant: La Bella Vita 🇮🇹
- Asking Rent: $120/ft.
- Square Footage: 4,000
The leasing process was facilitated by Yoni Hadar and James Famularo from Meridian Retail Leasing.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93