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333 East 9th Street

Dana Lowey Leases Retail Space At 333 East 9th Street To Downtown Funk & Junk
LEASEDRetail

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:

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

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 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

102341.94%

Cash-on-Cash

-29249.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93