Dermot Company Leases Retail Space To The Vintage Vault At 250 East Houston Street
250 East Houston Street
Building Size
1,500 SF
Asset Type
Retail
Closing
Sep 20, 2024
About this deal
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.
On the Map
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93