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
About this deal
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].
On the Map
$134
$134/SF
Retail
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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