Leihan Italian Bakery Leases Retail Space In New York City With Landlord Raj Pipalia And Broker Bruce Herman - Booth Street
304 East 204th Street
$65
$65/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 6, 2023
AI
Raj Pipalia has leased a retail property located at 304 East 204th Street in New York City. The property spans 2,200 square feet and was leased to Leihan Italian Bakery. The leasing deal was facilitated by Bruce Herman from Booth Street. The asking rent for the property was $65 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 304 East 204th Street, New York City
- Tenant: Leihan Italian Bakery
- Landlord: Raj Pipalia
- Broker: Bruce Herman - Booth Street
- Asking Rent: $65 per square foot
The leasing transaction for the retail property at 304 East 204th Street was successfully closed. Raj Pipalia, the landlord, leased the property to Leihan Italian Bakery. Bruce Herman from Booth Street represented both the landlord and the tenant in the deal. The property, spanning 2,200 square feet, had an asking rent of $65 per square foot.
Players
Market 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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93