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
About this deal
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.
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Retail
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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