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240 East 4th Street

Mr. Paris Catering Signs Retail Lease At 240 East 4th Street In East Village, Manhattan
LEASEDRetail

Mr. Paris Catering Signs Retail Lease At 240 East 4th Street In East Village, Manhattan

240 East 4th Street

$99

$99/SF

Building Size

1,400 SF

Asset Type

Retail

Closing

Jan 15, 2024

AI

The retail property located at 240 East 4th Street in the East Village neighborhood of Manhattan has been leased. The property, measuring 1,400 square feet, was leased by Mr. Paris Catering. The lease was facilitated by the brokers Garrett Kelly and Joshua Erber from Meridian Capital Group, along with Sunny Zachi from Alpha Properties NYC. The asking rent for the lease was $99 per square foot.

Summary of transaction details

The lease agreement for the retail space at 240 East 4th Street was secured with the assistance of Arik Lifshitz, the landlord representing DSA Property Group. This transaction highlights the collaboration between Garrett Kelly, Joshua Erber, and Sunny Zachi, who worked together to successfully secure the lease on behalf of Mr. Paris Catering.

Players

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker
Arik Lifshitz

Arik Lifshitz

DSA Property Group

Landlord

$74.4M

vol

6 deals

Landlord

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

160232.32%

Cash-on-Cash

-45794.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93