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183 Hester Street

Pharmacy Leases Retail Space At 183 Hester St. In Little Italy
LEASEDRetail

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

Molly Lefkowitz

Broker

$8.9M

vol

2 deals

Broker

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