Buddy Buddy Leases Retail Space At 340 Bowery In NoHo With Landlord Phil Hospod
340 Bowery
$147
$147/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Jan 12, 2025
AI
The property asset involved in this transaction is a retail space located at 340 Bowery in the NoHo market. The lease type is a Modified Gross Lease, with an asking rent of $147 per square foot for a total area of 2,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $147/ft
- Address: 340 Bowery
- Market: NoHo
- Landlord: Phil Hospod
- Tenant: Buddy Buddy
- Brokers: Garrett Kelly, John Roesch & Sara Lamstein - Meridian Capital Group
The lease was facilitated by Garrett Kelly, John Roesch, and Sara Lamstein from Meridian Capital Group, representing both Landlord Phil Hospod and Tenant Buddy Buddy in the transaction.
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
107911.56%
Cash-on-Cash
-30841.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93