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175 East 105th Street

Vincent Todaro Leases Retail Space To Rhythmic Arts Center At 175 East 105th Street
LEASEDRetail

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

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:

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.

Players

Alec Namdar

Meridian Capital Group

Broker

35 deals

Broker

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