Chick-In Leases Retail Space In Lower East Side's 205 Allen St. Building
205 Allen Street
Building Size
800 SF
Asset Type
Retail
Closing
Jul 29, 2022
AI
Dariko Realty, LLC, represented by Jordan Gabbay, has leased retail space in the Lower East Side at 205 Allen St. Space B to Chick-In. The lease transaction was facilitated by Lauren Farnoosh and Seth Kessler of REAL New York. The space, measuring approximately 800 square feet, was leased at an asking rent of $165 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 205 Allen St. Space B
- Market: Lower East Side
- Tenant: Chick-In
- Landlord: Dariko Realty, LLC - Jordan Gabbay
- Brokers: Lauren Farnoosh & Seth Kessler - REAL New York
- Asking Rent: $165/ft.
- Square Footage: 800
This lease deal showcases Dariko Realty, LLC's business acumen in securing a retail tenant for their property at 205 Allen St. Space B. Chick-In will be the new tenant in the Lower East Side, taking advantage of the bustling market and prime location offered by this space. The transaction was successfully negotiated and facilitated by Lauren Farnoosh and Seth Kessler of REAL New York, ensuring a smooth process for both the landlord and the tenant.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93