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356 Bowery New York, NY 100...

356 Bowery Retail Space Leased By 356 Convenience Corp For $165/sq Ft
LEASEDRetail

356 Bowery Retail Space Leased By 356 Convenience Corp For $165/sq Ft

356 Bowery New York, NY 10012, USA

$165

$165/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Jun 23, 2023

AI

The recently completed lease transaction involves a retail property located at 356 Bowery in New York City. The asset, spanning approximately 1,500 square feet, was leased by 356 Convenience Corp. The landlord in this deal was Manhattan Five Partners, represented by Jeffrey Srulowitz. The tenant's representative was Jeff Jakob from Loch Real Estate. The leasing transaction was facilitated by John Roesch, representing the landlord's side, from Meridian Capital Group.

Summary of transaction details

  • Property Type: Retail
  • Address: 356 Bowery, New York City
  • Market: New York City
  • Landlord: Manhattan Five Partners - Jeffrey Srulowitz
  • Tenant: 356 Convenience Corp
  • Landlord's Representative: John Roesch - Meridian Capital Group
  • Tenant's Representative: Jeff Jakob - Loch Real Estate
  • Asking Rent: $165/ft
  • Square Footage: 1,500

Notable individuals involved in this lease transaction include John Roesch, who represented the landlord's interests on behalf of the Meridian Capital Group. He worked alongside Jeffrey Srulowitz from Manhattan Five Partners. On the tenant's side, the leasing process was facilitated by Jeff Jakob from Loch Real Estate, representing 356 Convenience Corp.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

Jeffrey Srulowitz

Manhattan Five Partners

Landlord

$8.9M

vol

2 deals

Landlord

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

96139.39%

Cash-on-Cash

-27476.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93