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422 East 9th Street

Centennial Properties Leases Retail Space To Kush Factory At 422 East 9th Street In New York City
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

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