Beloved Cafe Leases Retail Space At 196 Allen St, New York
196 Allen St, New York, NY, 10002
Building Size
1,700 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The retail property located at 196 Allen St, New York, NY, 10002, boasting 1700 square feet, has recently been leased. Beloved Cafe will be the new tenant of this space, represented by Steve Rappaport of Sinvin Realty, while the landlord is Allen Orchard.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Beloved Cafe
- Tenant's Rep: Steve Rappaport (Sinvin Realty)
- Landlord: Allen Orchard
- Square Feet: 1700
- Market: New York
Steve Rappaport, from Sinvin Realty, acted as the tenant's representative in the lease deal for the retail space at 196 Allen St. This transaction brings together Beloved Cafe, a well-known establishment, with the property owner, Allen Orchard, providing a new chapter for this space in the vibrant market of New York.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93