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.
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
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93