FemaleForm.NYC Signs Retail Lease At 246 Mott Street In Nolita
246 Mott Street, New York, NY 10012, USA
Building Size
450 SF
Asset Type
Retail
Closing
Jul 28, 2020
About this deal
AI
FemaleForm.NYC has signed a lease for a retail space located at 246 Mott Street in Nolita. The lease transaction took place on July 28, 2021. The property spans approximately 450 square feet and the asking rent was $280 per square foot.
Summary of transaction details:
- Property Type: Retail
- Tenant: FemaleForm.NYC
- Landlord: Steve Croman
- Brokers: Ben Biberaj, Elliot Wygoda, and James Famularo (Meridian Retail Leasing)
- Date: July 28, 2021
- Asking Rent: $280/ft
- Square Footage: 450
Ben Biberaj, Elliot Wygoda, and James Famularo from Meridian Retail Leasing represented the tenant, FemaleForm.NYC, in this lease transaction.
Players
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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