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300 Larkin Drive, Monroe, N...

Chai Urgent Care Leases Retail Space In Harriman Commons, NY
LEASEDRetail

Chai Urgent Care Leases Retail Space In Harriman Commons, NY

300 Larkin Drive, Monroe, New York 10950, United States

Building Size

2,540 SF

Asset Type

Retail

Closing

Feb 23, 2022

AI

The retail property located at 300 Larkin Dr. in Harriman Commons was leased on 02/24/2022. The property has a total area of 2,540 square feet and was leased by Chai Urgent Care, represented by Yoni Hadar and Eddy Salameh. The landlord for this lease is Madison Property Management. The asking rent for the property was $45 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 02/24/2022
  • Address: 300 Larkin Dr.
  • Market: Harriman Commons
  • Landlord: Madison Property Management
  • Tenant: Chai Urgent Care – Yoni Hadar & Eddy Salameh
  • Asking Rent: $45/ft.
  • Square Footage: 2,540

Scott Meshil from Royal Properties represented Chai Urgent Care in this lease deal.

Players

Scott Meshil

Broker

2 deals

Broker
CC
Chai Urgent CareTenant
Eddy Salameh

Eddy Salameh

Chai Urgent Care

Tenant

$1.4M

vol

15 deals

Tenant

Monroe 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