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340 Bowery

Buddy Buddy Leases Retail Space At 340 Bowery In NoHo With Landlord Phil Hospod
LEASEDRetail

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:

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

John Roesch

Meridian Capital Group

Broker

97 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

107911.56%

Cash-on-Cash

-30841.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93