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319 Grand Street

Seven Wonders Collective Leases Retail Space At 319 Grand Street In Lower East Side
LEASEDRetail

Seven Wonders Collective Leases Retail Space At 319 Grand Street In Lower East Side

319 Grand Street

$150

$150/SF

Building Size

1,250 SF

Asset Type

Retail

Closing

Oct 5, 2023

AI

The retail property located at 319 Grand Street in the Lower East Side has been leased. The property, spanning 1,250 square feet, was leased by Seven Wonders Collective. The lease transaction was facilitated by two brokers, David Dubinsky from EXR and Aric Trakhtenberg from Newmark. The asking rent for the space was $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 319 Grand Street
  • Market: Lower East Side
  • Tenant: Seven Wonders Collective
  • Brokers: David Dubinsky - EXR & Aric Trakhtenberg - Newmark
  • Asking Rent: $150 per square foot
  • Square Footage: 1,250

The lease transaction was secured by Seven Wonders Collective, who will now occupy the retail space at 319 Grand Street. Assisting in the deal were brokers David Dubinsky from EXR and Aric Trakhtenberg from Newmark. They represented the tenant in negotiating the lease terms.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker

New York 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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93