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199 East 3rd Street

Centennial Properties Leases Retail Space At 199 East 3rd Street In New York To Midtown Smoke Shop 1 Inc
LEASEDRetail

Centennial Properties Leases Retail Space At 199 East 3rd Street In New York To Midtown Smoke Shop 1 Inc

199 East 3rd Street

$120

$120/SF

Building Size

500 SF

Asset Type

Retail

Closing

Nov 29, 2022

AI

The retail property located at 199 East 3rd Street in New York has been leased. The tenant, Midtown Smoke Shop 1 Inc., has signed a lease agreement with Centennial Properties. The leased space measures approximately 500 square feet. The asking rent for this retail space was $120 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 199 East 3rd Street, New York
  • Market: New York

The lease deal for the retail property was facilitated by the following brokers: Ben Biberaj and Ben Howard from Meridian Capital, and Rosiceli Rosario and Joshua Lyttle from Oxford Property Group.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93