LEASEDRetail
Robert Perl Leases Retail Space At 40 Clinton Street To We Just Bee In Lower East Side
40 Clinton Street
$125
$125/SF
Building Size
700 SF
Asset Type
Retail
Closing
Sep 24, 2024
AI
The retail lease transaction at 40 Clinton Street, located in the Lower East Side, involved a total space of 700 square feet. The asking rent for the property was set at $125 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Address: 40 Clinton Street
- Market: Lower East Side
- Landlord: Robert Perl
- Tenant: We Just Bee
- Landlord's Representative: Haz Aliessa & Paul Mcquade - Tower Brokerage
- Tenant's Representative: Benjamin Namdar - ARA
This transaction was facilitated by Haz Aliessa and Paul Mcquade representing the landlord, Robert Perl, while Benjamin Namdar represented the tenant, We Just Bee.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93