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
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
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