Sun Frontier Fudosan Leases Retail Space To TOME At 245 Eldridge Street For $135/ft
245 Eldridge Street
$135
$135/SF
Building Size
400 SF
Asset Type
Retail
Closing
Aug 5, 2026
About this deal
AI
The retail asset located at 245 Eldridge Street in New York has a square footage of 400. The asking rent for this property is set at $135 per square foot, and the lease type is categorized as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $135/ft
- Lease Type: Single Net Lease
- Landlord: Sun Frontier Fudosan
- Tenant: TOME
- Brokers: James Famularo, Jordan Langer & Marcelo Demoraes - Meridian Capital Group
This lease transaction was facilitated by brokers James Famularo, Jordan Langer, and Marcelo Demoraes, who represent Meridian Capital Group in the deal involving the landlord, Sun Frontier Fudosan, and the tenant, TOME.
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
117503.70%
Cash-on-Cash
-33582.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93