facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

186 Allen Street

Vincent Ning Signs 10-Year Lease For Retail Space At 186 Allen Street In Manhattan
LEASEDRetail

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

Jessilyn Chen

Arktic Real Estate

Broker

16 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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