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250 East Houston Street

Dermot Company Leases Retail Space To The Vintage Vault At 250 East Houston Street
LEASEDRetail

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

Solomon Sharaby

Kassin Sabbagh Realty

Broker

$3M

vol

101 deals

Broker

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