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
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