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277 East 10th Street

Red Onion Signs Lease For Retail Space At 277 East 10th Street In New York
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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