Taco Bell Leases Retail Space At 18 East 14th Street In Union Square
18 East 14th Street, New York City, New York 10003, United States
Building Size
3,300 SF
Asset Type
Retail
Closing
Mar 31, 2022
About this deal
AI
Located at 18 East 14th Street in the Union Square market, this retail property was recently involved in a lease transaction. The asset spans 3,300 square feet and was leased to Taco Bell.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 18 East 14th Street
- Market: Union Square
The landlord, CB Developers, worked with their representatives, Ike Bibi and Carolina Aziz from KSR, in completing the leasing deal. On the other hand, Taco Bell was represented by Louis Franco from ISA Realty Group.
The asking rent for this retail space was $200 per square foot.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93