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205 Allen Street, New York ...

Caribea Grill Leases Retail Space In Lower East Side Manhattan
LEASEDRetail

Caribea Grill Leases Retail Space In Lower East Side Manhattan

205 Allen Street, New York City, New York 10002, United States

Building Size

800 SF

Asset Type

Retail

Closing

Jun 30, 2022

AI

Caribea Grill has successfully leased a retail space located at 205 Allen Street, Space A, in the Lower East Side of Manhattan. The property, measuring 1,300 square feet, was leased for an asking rent of $120 per square foot. The lease was signed on 07/01/2022, with Lauren Farnoosh and Seth Kessler of REAL New York representing the landlord, Dariko Realty LLC, and Dylan Murphy of Eastern Consolidated representing the tenant.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: Leased for $120 per square foot
  • Date: 07/01/2022
  • Address: 205 Allen Street, Space A, Lower East Side, Manhattan
  • Market: Lower East Side, Manhattan
  • Tenant: Caribea Grill
  • Landlord: Dariko Realty LLC - Jordan Gabbay
  • Tenant's Rep: Dylan Murphy - Eastern Consolidated
  • Landlord's Rep: Lauren Farnoosh & Seth Kessler - REAL New York

Seth Kessler and Lauren Farnoosh of REAL New York's Commercial team facilitated the lease of this prime retail space. REAL New York is a residential and commercial real estate brokerage firm with deep knowledge and expertise spanning across all boroughs of New York City. Their flagship office is located at 164 Ludlow Street, with additional locations in Chelsea and Williamsburg. For inquiries about commercial opportunities, interested parties can contact [email protected].

Players

Lauren Farnoosh

Real New York

Broker

6 deals

Broker

Jordan Gabbay

Dariko Realty, LLC

Landlord

2 deals

Landlord

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