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252 Elizabeth Street, Manha...

Abbode LLC Leases Retail Space At 252 Elizabeth Street In Nolita With Tenant's Representatives From Meridian Retail Leasing
LEASEDRetail

Abbode LLC Leases Retail Space At 252 Elizabeth Street In Nolita With Tenant's Representatives From Meridian Retail Leasing

252 Elizabeth Street, Manhattan, New York, NY, USA

Building Size

700 SF

Asset Type

Retail

Closing

Oct 8, 2021

AI

Located in the heart of Nolita, the retail space at 252 Elizabeth Street has recently been leased. The property, spanning approximately 700 square feet, caught the attention of Abbode LLC, who will now be the tenant in this transaction. The space, offered by landlord AJ Clarke Real Estate Corp., was represented by Lee & Associates, while the tenant was assisted by Yoni Hadar and Garrett Kelly from Meridian Retail Leasing. The deal was finalized on October 8, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 10/08/2021
  • Address: 252 Elizabeth Street
  • Market: Nolita
  • Landlord: AJ Clarke Real Estate Corp.
  • Tenant: Abbode LLC
  • Tenant's Representative: Yoni Hadar & Garrett Kelly - Meridian Retail Leasing
  • Landlord's Representative: Lee & Associates
  • Asking Rent: $154/ft.
  • Square Footage: 700

The lease agreement for this retail space marks another successful collaboration between two prominent real estate firms. With the expertise of Yoni Hadar and Garrett Kelly from Meridian Retail Leasing assisting Abbode LLC, the tenant was able to secure an ideal location for their business. AJ Clarke Real Estate Corp., the landlord, was represented by Lee & Associates, ensuring a smooth transaction for both parties involved.

Players

Yoni Hadar

Delshah Capital

Broker

29 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93