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
About this deal
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.
On the Map
$180
$180/SF
Retail
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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