Dana Lowey Leases Retail Space At 333 East 9th Street To Downtown Funk & Junk
333 East 9th Street
$155
$155/SF
Building Size
540 SF
Asset Type
Retail
Closing
Dec 13, 2024
AI
The retail space located at 333 East 9th Street in the East Village features a total square footage of 540. The property was leased under a Modified Gross Lease arrangement, and the asking rent was set at $155 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $155/ft
- Address: 333 East 9th Street
- Market: East Village
- Landlord: Dana Lowey
- Tenant: Downtown Funk & Junk
- Brokers: Jake Herskowitz & Greg Goldberg - Meridian Capital Group
- Lease Type: Modified Gross Lease
- Square Footage: 540
The leasing deal was facilitated by brokers Jake Herskowitz and Greg Goldberg from Meridian Capital Group, representing the interests of both the landlord and tenant in this transaction. The deal highlights the collaborative effort of these brokers in connecting the property with Downtown Funk & Junk.
Players
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
102341.94%
Cash-on-Cash
-29249.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93