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40 Clinton Street

Robert Perl Leases Retail Space At 40 Clinton Street To We Just Bee In Lower East Side
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:

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

Haz Aliessa

Tower Brokerage

Broker

11 deals

Broker

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