Two Hands Corndogs Leases Retail Space At 250 Mott Street In NoLiTa
Mott Street, Manhattan, New York, NY, USA
Building Size
450 SF
Asset Type
Retail
Closing
Mar 29, 2021
About this deal
AI
A retail space located at 250 Mott Street in the NoLiTa neighborhood has been leased on March 30, 2021. The property was leased to @TwoHands.Corndogs, with the landlord being Steve Croman. The leasing deal was facilitated by James Famularo, Ben Biberaj, and Jake Wilcox of Meridian Retail Leasing. The asking rent for the space was $250 per square foot, with a total square footage of 450.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 03/30/2021
- Address: 250 Mott Street
- Market: NoLiTa
- Tenant: @TwoHands.Corndogs
- Landlord: Steve Croman
- Brokers: James Famularo, Ben Biberaj & Jake Wilcox - Meridian Retail Leasing
- Asking Rent: $250/ft.
- Square Footage: 450
Ben Biberaj, James Famularo, and Jake Wilcox from Meridian Retail Leasing played a significant role in representing the tenant and landlord in this lease deal. Their expertise and negotiation skills facilitated the transaction, ensuring a successful agreement for both parties involved.
Players
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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