Maison Breya Leases Retail Space At 248 Mott Street From Landlord Steven Croman
248 Mott Street
$250
$250/SF
Building Size
450 SF
Asset Type
Retail
Closing
Feb 19, 2025
About this deal
AI
The transaction involves a retail space located at 248 Mott Street in the Nolita market. The asset is leased under a Modified Gross Lease type, and the asking rent is set at $250 per square foot for a total area of 450 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $112,500
- Landlord: Steven Croman
- Tenant: Maison Breya
- Brokers: Elliot Wygoda, Ben Biberaj, Cameron Parson & Nick Hanna - Meridian Capital Group
- Date of Lease: 02/19/2025
The brokers involved in this transaction, representing the landlord and tenant, are Elliot Wygoda, Ben Biberaj, Cameron Parson, and Nick Hanna from Meridian Capital Group. Their expertise facilitated the lease agreement between Steven Croman and the tenant, Maison Breya.
On the Map
$250
$250/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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93