Happy Life Spa Leases Retail Condo At 27 Whitehall Street In Financial District
27 Whitehall St, New York, NY 10004, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 30, 2020
AI
A retail condo in the Financial District has been leased at 27 Whitehall Street. The space covers an area of 2,000 square feet and was leased by Happy Life Spa. The landlord, MSA Twins, Ltd, represented by Vivia Amalfitano, facilitated the transaction through the brokers Adam Lavian and Maxim Raevschi from Habendum Real Estate. The asking rent for the property was $48 per square foot.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: Leased
- Address: 27 Whitehall Street
- Market: Financial District
Habendum Real Estate, specializing in commercial leasing and sales across the five boroughs, represented both the landlord and the tenant in this deal. For more information, interested parties can contact Habendum Real Estate at the following numbers: Habendum Real Estate - 917-261-6561, Adam Lavian - 516-662-6176, Maxim Raevschi - 347-659-7035.
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