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197 Mott St, New York, NY, ...

Leyton Astor Clothing Co Leases Retail Space In New York With Alfa Development
LEASEDRetail

Leyton Astor Clothing Co Leases Retail Space In New York With Alfa Development

197 Mott St, New York, NY, 10012

Building Size

2,200 SF

Asset Type

Retail

Closing

Oct 13, 2015

AI

The retail property located at 197 Mott St, New York, NY, 10012, with a total square footage of 2,200, was involved in a lease transaction. The tenant, Leyton Astor Clothing Co, signed a lease agreement for the space. The tenant's representative, Steve Rappaport from Sinvin Realty, facilitated the deal, while the landlord, Alfa Development, was represented in-house by Devon Binns.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Provided
  • Address: 197 Mott St, New York, NY, 10012
  • Market: New York
  • Tenant: Leyton Astor Clothing Co
  • Tenant's Rep: Steve Rappaport (Sinvin Realty)
  • Landlord: Alfa Development
  • Square Feet: 2,200

Steve Rappaport from Sinvin Realty acted as the tenant's representative in the lease deal, ensuring a successful agreement for Leyton Astor Clothing Co. On the other side, Alfa Development, the landlord, had their interests represented in-house by Devon Binns. The negotiations and terms of the lease were overseen by these key individuals, ultimately leading to the leasing of the retail space.

Players

Steve Rappaport

Sinvin Realty

Broker

5 deals

Broker
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Alfa DevelopmentLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93