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304 East 204th Street

Leihan Italian Bakery Leases Retail Space In New York City With Landlord Raj Pipalia And Broker Bruce Herman - Booth Street
LEASEDRetail

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

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker

Raj Pipalia

Landlord

3 deals

Landlord

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