New York Or Nowhere Leases Retail Space On 250 Lafayette In New York For $250/ft
250 Lafayette Street, New York City, New York 10012, United States
Building Size
1,300 SF
Asset Type
Retail
Closing
Jun 7, 2022
AI
The retail property located at 250 Lafayette in New York has been leased. The lease deal was finalized on 06/08/2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 250 Lafayette, New York
- Market: New York
The landlord of this retail space is the Chen Family Company. The tenant who secured the lease is New York or Nowhere. Representing the tenant in this deal were Ben Biberaj & Ryan Fridolfs from Meridian Retail Leasing. On the other hand, the landlord was represented by Herman Glaswand, Robin Abrams, and Zev Sonkin from Compass. The asking rent for this lease was $250 per square foot, and the space spans across 1,300 square feet.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93