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250 E Houston St, New York,...

Y7 Studio Leases 2000 Square Feet At 250 E Houston St New York Represented By Jeremy Aidan
LEASEDRetail

Y7 Studio Leases 2000 Square Feet At 250 E Houston St New York Represented By Jeremy Aidan

250 E Houston St, New York, NY, 10002

$200

$200/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Apr 25, 2018

AI

The property involved in this lease transaction is located at 250 E Houston St, New York, NY, 10002. It has a total square footage of 2,000 and the rent per square foot is priced at $200. The lease pertains to the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 250 E Houston St, New York, NY, 10002
  • Market: New York
  • Tenant: Y7 Studio
  • Landlord: The Dermot Co
  • Tenant's Rep: Jeremy Aidan
  • Landlord's Rep: Jeremy Modest - Ripco
  • Square Feet: 2000
  • Rent/SF: 200

Key representatives in this transaction include Jeremy Aidan, who represents the tenant, Y7 Studio, and Jeremy Modest from Ripco, who represents the landlord, The Dermot Co. Their involvement highlights the professional brokerage services assisting both the tenant and the landlord in this lease agreement.

Players

Jeremy Aidan

Broker

$35M

vol

4 deals

Broker
Goldman Sachs
Goldman SachsLandlord

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