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262 Mott Street, Manhattan,...

Updated Oct 28, 2024

ASG Equities Leases Retail Space To Meg By Meghan Kinney On Mott Street In Nolita
LEASEDRetail

ASG Equities Leases Retail Space To Meg By Meghan Kinney On Mott Street In Nolita

262 Mott Street, Manhattan, New York, NY, USA

Building Size

650 SF

Asset Type

Retail

Closing

Nov 2, 2021

About this deal

AI

Located in Nolita, the retail property at 262 Mott Street recently underwent a lease transaction. The landlord, ASG Equities, entered into an agreement with the tenant, Meg by Meghan Kinney. The deal was facilitated by Ben Biberaj from Meridian Retail Leasing, who represented the tenant as the broker. The property spans approximately 650 square feet and was listed with an asking rent of $175 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 11/02/2021
  • Address: 262 Mott Street
  • Market: Nolita

Ben Biberaj from Meridian Retail Leasing played a crucial role in the lease transaction at 262 Mott Street. He represented the tenant, Meg by Meghan Kinney, in the deal. ASG Equities acted as the landlord in this agreement.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

204 deals

Broker
AE
ASG EquitiesLandlord

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

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