Warkop USA LLC Leases Retail Space In New York's Mott St. Building
248 Mott Street
$200
$200/SF
Building Size
450 SF
Asset Type
Retail
Closing
May 18, 2022
About this deal
AI
The retail space located at 248 Mott St. in New York has been leased in a closed transaction. The property is owned by Steven Croman and the tenant is Warkop USA LLC. The lease was facilitated by Alex Imperatore from Meridian Retail Leasing, who represents the tenant, and Ben Biberaj and Elliot Wygoda from Meridian Retail Leasing, who represent the landlord. The leasing deal was finalized on 05/18/2022.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $200/ft.
- SF: 450
Alex Imperatore from Meridian Retail Leasing played a crucial role in representing the tenant, Warkop USA LLC, in securing this lease. Ben Biberaj and Elliot Wygoda, also from Meridian Retail Leasing, represented the landlord, Steven Croman, in this transaction. The deal highlights the successful collaboration between the involved parties in finalizing the lease agreement for the retail space on Mott St. in New York.
On the Map
$200
$200/SF
Retail
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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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93