Reuven Salman Leases Retail Space At 4 Bleecker Street To Mellow Bar Nails For $240/ft
4 Bleecker Street
$240
$240/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 8, 2026
About this deal
AI
The retail asset located at 4 Bleecker Street in the Soho market has a square footage of 1,200 and is subject to a modified gross lease. The asking rent for the property is set at $240 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240/ft
- Lease Term: 10 years
- Landlord: Reuven Salman
- Tenant: Mellow Bar Nails
- Brokers: Ben Biberaj - IPRG Retail Leasing & Joseph Sobolov - Investment Property Realty Group
Ben Biberaj and Joseph Sobolov played key roles in facilitating the lease transaction, representing their respective brokerage firms. Their expertise contributed to the successful agreement between the landlord and tenant.
On the Map
$240
$240/SF
Retail
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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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93