LEASEDRetail
Mulberry Gifts Leases Retail Space In Little Italy's 176 Mulberry St. With Brokers David Green, Ike Bibi & David Sabbagh - KSR
176 Mulberry Street, New York City, New York 10013, United States
Building Size
1,800 SF
Asset Type
Retail
Closing
May 1, 2022
AI
The retail property located at 176 Mulberry St in Little Italy has been leased by Mulberry Gifts. The lease was finalized on 05/02/2022.
Summary of transaction details:
- Property Type: Retail
- Address: 176 Mulberry St
- Market: Little Italy
- Landlord: Steve Kachanian
- Tenant: Mulberry Gifts
- Brokers: David Green, Ike Bibi, and David Sabbagh - KSR
- Asking Rent: $100/ft
- Square Footage: 1,800
The deal was facilitated by David Green, Ike Bibi, and David Sabbagh representing KSR. They acted as the brokers for both the landlord, Steve Kachanian, and the tenant, Mulberry Gifts.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93