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205 Allen Street

Chick-In Leases Retail Space In Lower East Side's 205 Allen St. Building
LEASEDRetail

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

Lauren Farnoosh

Real New York

Broker

6 deals

Broker

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