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204 Elizabeth Street

Updated Jan 24, 2025

Korean Noodle Bar Leases Retail Space On 204 Elizabeth Street Nolita For $102 Per Ft
LEASEDRetail

Korean Noodle Bar Leases Retail Space On 204 Elizabeth Street Nolita For $102 Per Ft

204 Elizabeth Street

$96

$96/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Dec 25, 2024

About this deal

AI

The retail asset located at 204 Elizabeth Street in the Nolita market encompasses a total square footage of 4,000. This property has been leased to a Michelin Star Korean Noodle Bar under a Modified Gross Lease, with an asking rent of $102 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $102/ft
  • Square Footage: 4,000
  • Address: 204 Elizabeth Street
  • Market: Nolita
  • Tenant: Korean Noodle Bar - Michelin Star
  • Tenant's Representative: Noam Aziz - Meridian Capital Group

The retail lease at 204 Elizabeth Street in New York, New York leased for $96 in 2024. The building is 4,000 square feet, implying about 96 per square foot on the published price. Alexandra (Alex) Yanoff, Noam Aziz, Brand Urban, Meridian Capital Group appear on the lease alongside Brand Urban, Meridian Capital Group. This page is the New York, New York file for the 204 Elizabeth Street retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 204 Elizabeth Street around 2024. Published consideration for 204 Elizabeth Street is $96, dated 2024. Cite this Korean Noodle Bar Leases Retail Space On 204 Elizabeth Street Nolita For $102 Per Ft lease when underwriting similar retail product around New York, New York.

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$96

$96/SF

Retail

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Players

Alexandra Yanoff

Brand Urban

Broker

4 deals

Broker
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New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $96 per square foot on a published $96 for 4,000 square feet (2024).

Visit Alexandra (Alex) Yanoff to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

165239.58%

Cash-on-Cash

-47225.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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