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
About this deal
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.
On the Map
$125
$125/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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93