Red Onion Signs Lease For Retail Space At 277 East 10th Street In New York
277 East 10th Street
$130
$130/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 26, 2022
AI
The retail property located at 277 East 10th Street in New York has been leased. The landlord, Steven Croman, has entered into a lease agreement with the tenant, Red Onion. The deal was brokered by Ben Biberaj and Ben Howard from Meridian Retail Leasing. The property, measuring 1,000 square feet, was leased for an asking rent of $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Leased
- Address: 277 East 10th Street, New York
- Landlord: Steven Croman
- Tenant: Red Onion
- Brokers: Ben Biberaj & Ben Howard - Meridian Retail Leasing
- Asking Rent: $130/ft.
- Square Footage: 1,000
Ben Biberaj and Ben Howard from Meridian Retail Leasing played a crucial role in facilitating the lease agreement between Steven Croman and Red Onion. Their expertise in the retail market helped in negotiating the terms of the deal and ensuring a successful transaction.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93