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241 Lafayette St, New York,...

Peak Design Leases Retail Space At 241 Lafayette St, New York, NY
LEASEDRetail

Peak Design Leases Retail Space At 241 Lafayette St, New York, NY

241 Lafayette St, New York, NY, 10012

Building Size

3,550 SF

Asset Type

Retail

Closing

Mar 14, 2022

AI

The retail property located at 241 Lafayette St, New York, NY, 10012, boasting a total of 3,550 square feet, was recently leased in New York. The landlord, Lafayette Street Leasing Associates, successfully secured Peak Design as the tenant for this space, with the deal being facilitated by Sarah Shannon of Sinvin Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 241 Lafayette St, New York, NY, 10012
  • Market: New York
  • Landlord's Rep: Sarah Shannon (Sinvin Real Estate)
  • Tenant: Peak Design
  • Landlord: Lafayette Street Leasing Associates
  • Square Feet: 3,550

The lease agreement for this retail property marks a successful collaboration between Peak Design as the tenant and Lafayette Street Leasing Associates as the landlord. The presence of Sarah Shannon from Sinvin Real Estate as the landlord's representative further facilitated the smooth completion of this deal, highlighting the crucial role of real estate professionals in securing beneficial agreements for both parties.

Players

Sarah Shannon

Sinvin Real Estate

Broker

8 deals

Broker

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