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308 E 109th St New York, NY...

Updated Oct 29, 2024

Milani Raes Events Leases Retail Space At 308 East 109th Street In NYC
LEASEDRetail

Milani Raes Events Leases Retail Space At 308 East 109th Street In NYC

308 E 109th St New York, NY 10029, USA

$57

$57/SF

Building Size

1,475 SF

Asset Type

Retail

Closing

Jun 5, 2023

About this deal

AI

The retail space located at 308 East 109th Street in New York City has been leased. The property, measuring 1,475 square feet, was leased by Milani Raes Events. The landlord in this transaction is Bolek Ryzinski. The lease deal was facilitated by Dane Harlowe from the Meridian Capital Group. The asking rent for this retail space was $57 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 308 East 109th Street
  • Market: New York City
  • Tenant: Milani Raes Events
  • Landlord: Bolek Ryzinski
  • Broker: Dane Harlowe - Meridian Capital Group
  • Asking Rent: $57/ft
  • Square Footage: 1,475

The lease deal for the retail space at 308 East 109th Street was successfully negotiated by Dane Harlowe from the Meridian Capital Group. Milani Raes Events will now occupy the 1,475 square foot space, leasing it from landlord Bolek Ryzinski. This lease deal presents a new opportunity for Milani Raes Events to expand their business in the vibrant marketplace of New York City.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

New York Retail Market Snapshot

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Deal FAQ

About $57 per square foot on a published $57 for 1,475 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

278298.25%

Cash-on-Cash

-79538.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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