Industry Of All Nations Leases Retail Space At 232 Elizabeth Street In NoLiTa
232 Elizabeth Street, Manhattan, New York, NY, USA
Building Size
500 SF
Asset Type
Retail
Closing
Jun 18, 2020
AI
The retail property located at 232 Elizabeth Street in the NoLiTa market has been leased. The transaction took place on 06/18/2021.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $360 per square foot
The tenant, Industry of All Nations LLC, has entered into a lease agreement with the landlord, Steve Croman of Centennial Properties. The lease was facilitated by brokers James Famularo, Ben Biberaj, and Andrew Ingber of Meridian Retail Leasing, along with Kim Skarvelis and David Barreto of Cast Iron Real Estate.
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