MadForChickenUSA Leases Retail Space In East Village At 230 E. 14th Street With Brokers George Skaliarinis & John Jin
230 East 14th Street, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Sep 15, 2021
About this deal
AI
Located in the East Village, the retail property at 230 E. 14th Street has been leased. The lease was secured by @MadForChickenUSA, a well-known chicken restaurant in the area. The deal was facilitated by brokers George Skaliarinis and John Jin from KSR. The property offers 1,000 square feet of space for the restaurant to operate.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 09/15/2021
- Market: East Village
- Tenant: @MadForChickenUSA
- Brokers: George Skaliarinis & John Jin - KSR
- Asking Rent: $120/ft.
- Square Footage: 1,000
This lease deal exemplifies the demand for retail space in the East Village, as @MadForChickenUSA recognized the potential in this location. With the assistance of brokers George Skaliarinis and John Jin from KSR, they were able to secure a favorable lease agreement for their restaurant. The property's prime location and ample square footage make it an ideal choice for a successful retail venture.
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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