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
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