Mulberry Market Leases 10000 Square Feet At 251 Mulberry St From Linmar Group
251 Mulberry St, New York, NY, 10012
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 5, 2018
AI
The property involved in this transaction is located at 251 Mulberry St, New York, NY, 10012. The leased space encompasses approximately 10,000 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 251 Mulberry St, New York, NY, 10012
- Market: New York
- Square Feet: 10,000
- Landlord: Linmar Group
- Tenant: Mulberry Market
- Landlord's Representative: Charles Rapuano, Daniyel Cohen - Winick Realty Group
This lease transaction involved Linmar Group as the landlord, with Mulberry Market acting as the tenant. Charles Rapuano and Daniyel Cohen represent the landlord in this arrangement, facilitating the agreement between the involved parties.
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