Vincent Todaro Leases Retail Space To Rhythmic Arts Center At 175 East 105th Street
175 East 105th Street
$54
$54/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 4, 2025
About this deal
AI
The transaction involves a retail asset located at 175 East 105th Street in the East Harlem market of Manhattan. The asking rent for this property is set at $60 per square foot, covering an area of 1,000 square feet. The lease type is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Lease Type: Modified Gross Lease
- Landlord: Vincent Todaro
- Tenant: Rhythmic Arts Center
- Broker Representatives: Noam Aziz, Alec Namdar & Mariko Tanaka - Meridian Capital Group
This lease agreement includes involvement from multiple broker representatives, specifically Noam Aziz, Alec Namdar, and Mariko Tanaka, who represent the transaction conducted by Meridian Capital Group.
On the Map
$54
$54/SF
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
293759.26%
Cash-on-Cash
-83957.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93