Uluh Modern Chinese Restaurant & Tea House Leases Retail Space In East Village
218 East 14th Street, Manhattan, New York, NY, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Sep 21, 2021
About this deal
AI
Located at 218 East 14th Street in the East Village, this retail property has recently been leased. The transaction took place on September 22, 2021. The asset spans approximately 3,000 square feet and is owned by 218 East 14th Realty Co., represented by John Paravalos.
Summary of transation details
- Property Type: Retail
- Asking Rent: $120/ft.
- Square Footage: 3,000
- Market: East Village
The tenant for this space is Uluh Modern Chinese Restaurant & Tea House. They were represented by Matthew Fogel and Jordan Raphan from KSR. On the landlord's side, Harris C. Bulow from Flagship Era served as the representative for 218 East 14th Realty Co.
On the Map
Retail
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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