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4 Cortlandt Street, New Yor...

Fedoroff’s Roast Pork Leases Retail Space At 4 Cortlandt St In FiDi With Jake Althaus CPRE Representing ASG Equities - Al Gindi
LEASEDRetail

Fedoroff’s Roast Pork Leases Retail Space At 4 Cortlandt St In FiDi With Jake Althaus CPRE Representing ASG Equities - Al Gindi

4 Cortlandt Street, New York, NY 10007, USA

Building Size

215 SF

Asset Type

Retail

Closing

Apr 22, 2019

AI

Located in the FiDi neighborhood, this retail property at 4 Cortlandt St has recently been leased. The transaction took place on April 23, 2019. The tenant, Fedoroff's Roast Pork, will occupy the space. The market value of this asset is not specified. The lease rate for this property is $725.58 per square foot, with a total of 215 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 04/23/2019
  • Address: 4 Cortlandt St
  • Market: FiDi
  • Tenant: Fedoroff’s Roast Pork (@roastporknyc)
  • Landlord: ASG Equities - Al Gindi
  • Broker: Jake Althaus CPRE
  • Lease Rate: $725.58 / SF: 215

Jake Althaus, from the agency CPRE, represented the tenant, Fedoroff's Roast Pork, in this lease transaction.

Players

Jake Althaus

CBRE

Broker

2 deals

Broker
AE
ASG EquitiesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93