Little House Of Salma Leases Retail Space At 351 East 12th Street In East Village
351 East 12th Street, Manhattan, New York, NY 10003, USA
Building Size
1,100 SF
Asset Type
Retail
Closing
May 21, 2020
AI
Hakim Holdings has leased the retail property located at 351 East 12th Street in the East Village. The tenant for this space is Little House of Salma. The lease was facilitated by broker Greg Goldberg from Meridian Retail Leasing. The asking rent for the 1,100 square foot space was $192 per square foot.
Summary of transaction details
- Property Type: Retail
- Tenant: Little House of Salma
- Landlord: Hakim Holdings
- Broker: Greg Goldberg - Meridian Retail Leasing
- Asking Rent: $192/ft. ~ SF: 1,100
This lease deal was finalized on May 21, 2021, and the property is located in the East Village market.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93