Vincent Ning Signs 10-Year Lease For Retail Space At 186 Allen Street In Manhattan
186 Allen Street
$180
$180/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 23, 2023
AI
A retail property located at 186 Allen Street in Manhattan has been leased. The property encompasses approximately 1,000 square feet and is under a modified gross lease. The lease term is set at 10 years.
Summary of transation details
- Property Type: Retail
- Asking Rent: $180 per square foot
- Square Footage: 1,000
- Address: 186 Allen Street, Manhattan
- Landlord: Serge Hoyda
- Tenant: Vincent Ning
- Broker: Jessilyn Chen - Arktic Real Estate
- Lease Type: Modified Gross Lease
- Lease Term: 10 years
Jessilyn Chen, a representative from Arktic Real Estate, was involved in the leasing process. They facilitated the transaction between the landlord, Serge Hoyda, and the tenant, Vincent Ning.
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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93