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18 East 14th Street, New Yo...

Taco Bell Leases Retail Space At 18 East 14th Street In Union Square
LEASEDRetail

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

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.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
CD
CB DevelopersLandlord
TB
Taco BellTenant

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