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.
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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