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
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