Lower East Side Athletic Leases Retail Space At 199 Chrystie Street From Harris Pergament
199 Chrystie Street
$73
$73/SF
Building Size
3,246 SF
Asset Type
Retail
Closing
Mar 17, 2025
AI
The property asset involved in this transaction is a retail space located at 199 Chrystie Street in New York. The leased space encompasses a total of 3,246 square feet and was rented at a rate of $73.92 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 199 Chrystie Street
- Market: New York
- Landlord: Harris Pergament
- Tenant: Lower East Side Athletic
- Landlord's Representatives: James Famularo (Meridian Capital Group), Bobby Ortense (Meridian Capital Group)
- Rent/SF: $73.92
- Square Feet: 3,246
The deal involves key individuals including the landlord, Harris Pergament, and the tenant, Lower East Side Athletic. Representatives from Meridian Capital Group, James Famularo and Bobby Ortense, facilitated the leasing agreement on behalf of the landlord.
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
217301.37%
Cash-on-Cash
-62105.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93