CBRE Represents The Musket Room In Retail Lease At 290 Elizabeth St. In NoHo
290 Elizabeth Street, New York City, New York 10012, United States
Building Size
2,000 SF
Asset Type
Retail
Closing
Dec 17, 2021
AI
A retail property located at 290 Elizabeth St. in NoHo has been leased. The lease deal was finalized on December 17, 2021. The property spans 2,000 square feet and is situated in a prime market location.
Summary of Transaction Details
- Property Type: Retail
- Asking Rent: $150 per square foot
The Musket Room is the tenant who secured the lease. They were represented by Michael Kadosh from CBRE. John Roesch and Kevin Bisconti from Meridian Retail Leasing served as the landlord's representatives in the deal.
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