Pharmacy Leases Retail Space At 183 Hester St. In Little Italy
183 Hester Street
$120
$120/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jun 1, 2022
AI
Located at 183 Hester St. in the vibrant neighborhood of Little Italy, a retail space has been leased in a recent transaction. The property, spread across 500 square feet, was successfully leased by the tenant, Pharmacy. The landlord, John Smith, facilitated the transaction with the assistance of Molly Lefkowitz and Jordan Steiner from BH Realty Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 183 Hester St.
- Market: Little Italy
BH Realty Group is a full-service boutique real estate brokerage that was actively involved in this transaction. They specialize in both residential and commercial listings and currently represent over 200 buildings in the five boroughs of New York City. With offices in Manhattan and Brooklyn, BH Realty Group offers a range of complimentary services to its clients, including comp/pricing reports, weekly market updates, and expertise in renovations and floor plan alterations.
Molly Lefkowitz and Jordan Steiner from BH Realty Group served as the brokers in this lease deal. They have a combined experience of 20+ years and offer a rigorous training program to both new and experienced agents. BH Realty Group provides its team with the necessary tools and technology to ensure success in the real estate industry.
For any selling or leasing needs, or if you require a custom market analysis of your property, you can reach out to BH Realty Group at [email protected]. If you are interested in a career in real estate and would like to join their team, please email [email protected].
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93