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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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