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205 Allen Street

Real New York Leases Matsunori Kitchen Restaurant Space At 205 Allen Street
LEASEDRetail

Real New York Leases Matsunori Kitchen Restaurant Space At 205 Allen Street

205 Allen Street

$134

$134/SF

Building Size

1,350 SF

Asset Type

Retail

Closing

Apr 1, 2024

AI

The retail space located at 205 Allen Street in Lower East Side, Manhattan, has been leased to Matsunori Kitchen Restaurant. The deal was facilitated by brokers Eric Wong and Seth Kessler of Real New York, with an asking rent of $134 per square foot for the 1,350 square feet space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 205 Allen Street
  • Market: Lower East Side, Manhattan
  • Landlord: Dariko - Jordan Gabbay
  • Tenant: Matsunori Kitchen Restaurant
  • Brokers: Eric Wong ( @_Eric.Wong) & Seth Kessler - Real New York

Real Agent Eric Wong successfully closed both retail restaurant deals at 205 Allen Street in the past 2 months. The space at 205 Allen is part of REAL New York's expanding exclusive commercial portfolio. Real New York Commercial is actively seeking experienced commercial brokers to join their team. Interested individuals can reach out by emailing their resumes to [email protected].

Players

Eric Wong

Real New York

Broker

7 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

118380.60%

Cash-on-Cash

-33833.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93