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199 Lafayette Street

Updated Dec 4, 2024

Golden Bar Corp Leases Retail Space At 199 Lafayette Street In SoHo, Manhattan
LEASEDRetail

Golden Bar Corp Leases Retail Space At 199 Lafayette Street In SoHo, Manhattan

199 Lafayette Street

$200

$200/SF

Building Size

900 SF

Asset Type

Retail

Closing

Oct 24, 2023

About this deal

AI

The retail property located at 199 Lafayette Street in SoHo, Manhattan has recently been leased. The property is owned by and the tenant is Golden Bar Corp. The lease transaction was facilitated by Garrett Kelly of Meridian Capital Group. The property consists of 900 square feet and has an asking rent of $200 per square foot. The lease term is for 5 years.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 199 Lafayette Street, SoHo, Manhattan
  • Market: SoHo, Manhattan
  • Landlord:
  • Tenant: Golden Bar Corp
  • Broker: Garrett Kelly - Meridian Capital Group
  • Asking Rent: $200 per square foot
  • Lease Term: 5 Years

Garrett Kelly of Meridian Capital Group played a key role in bringing together the landlord, , and the tenant, Golden Bar Corp, for this lease transaction. Through his expertise and negotiation skills, he successfully facilitated the leasing of this retail space for a term of 5 years at an asking rent of $200 per square foot.

Players

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $200 per square foot on a published $200 for 900 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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