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
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