Dermot Company Leases Retail Space To The Vintage Vault At 250 East Houston Street
250 East Houston Street
$120
$120/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Sep 20, 2024
AI
The property involved in this transaction is a retail space located at 250 East Houston Street in the East Village market. The asking rent for the space is $120 per square foot, and it encompasses a total area of 1,500 square feet. The landlord for the lease is Dermot Company, and the tenant is The Vintage Vault.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Lease Type: Retail Lease
- Address: 250 East Houston Street
- Market: East Village
- Landlord: Dermot Company
- Tenant: The Vintage Vault
- Brokers: Norma Ashkenazi, Solomon Sharaby & Nathan Aballi - KSR
The deal was facilitated by brokers Norma Ashkenazi, Solomon Sharaby, and Nathan Aballi, representing KSR. They played a significant role in the completion of the lease transaction between the landlord and the tenant.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93