Centennial Properties Leases Retail Space To Kush Factory At 422 East 9th Street In New York City
422 East 9th Street
$96
$96/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 14, 2023
AI
The retail property located at 422 East 9th Street in New York City has been leased. The landlord, Centennial Properties, has secured Kush Factory as the tenant for this space. The lease transaction was facilitated by Ben Howard and Ben Biberaj of Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $100/ft
- Square Footage: 1,000
- Transaction Date: 03/14/2023
- Address: 422 East 9th Street, New York City
Ben Howard and Ben Biberaj from Meridian Capital Group represented the landlord, Centennial Properties, in the leasing deal with Kush Factory.
Players
Market 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
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93