Black Tap Craft Burgers & Beer Signs Lease At 177 Ludlow St New York With SMA Equities
177 Ludlow St, New York, NY, 10002
$150
$150/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Feb 10, 2017
About this deal
AI
The property involved in this lease transaction is located at 177 Ludlow St, New York, NY, 10002. This asset is situated in the New York market and consists of 4,000 square feet, with a rent of $150 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 177 Ludlow St, New York, NY, 10002
- Market: New York
- Landlord: SMA Equities
- Tenant: Black Tap Craft Burgers & Beer
- Landlord's Representative: Jeff Geoghegan - Kassin Sabbagh Realty
The deal features significant involvement from Jeff Geoghegan, representing SMA Equities as the landlord's representative. Black Tap Craft Burgers & Beer is designated as the tenant within this lease agreement.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93