All About Hair Leases Retail Space At 225 East 14th Street In East Village
225 East 14th Street, Manhattan, New York, NY, USA
Building Size
500 SF
Asset Type
Retail
Closing
Jul 2, 2020
About this deal
AI
An retail space located at 225 East 14th Street in the East Village neighborhood has been leased. The tenant, All About Hair, is set to occupy a 500 square foot space. This transaction was facilitated by brokers Greg Goldberg and James Famularo of Meridian Retail Leasing, representing the landlord, Witnick Real Estate Partners. The asking rent for the space was $144 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 225 East 14th Street
- Market: East Village
- Tenant: All About Hair
- Landlord: Witnick Real Estate Partners
- Brokers: Greg Goldberg & James Famularo - Meridian Retail Leasing
- Asking Rent: $144/ft.
- Square Footage: 500
This leased retail space at 225 East 14th Street was secured by the tenant, All About Hair. The deal was brokered by Greg Goldberg and James Famularo of Meridian Retail Leasing, who represented the landlord, Witnick Real Estate Partners. The lease agreement was made at an asking rent of $144 per square foot for a space measuring 500 square feet.
Players
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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