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432 East 13th Street, New Y...

Ben Biberaj & Kevin Bisconti Of Meridian Retail Leasing Represent The Spotted Owl Tavern In New York Retail Lease
LEASEDRetail

Ben Biberaj & Kevin Bisconti Of Meridian Retail Leasing Represent The Spotted Owl Tavern In New York Retail Lease

432 East 13th Street, New York City, New York 10003, United States

Building Size

1,500 SF

Asset Type

Retail

Closing

Jun 6, 2022

AI

The retail property located at 432 E. 13th St. in New York has been leased. The tenant, The spotted Owl Tavern, has signed a lease agreement with the landlord, Steve Croman. The lease was facilitated by brokers Ben Biberaj and Kevin Bisconti from Meridian Retail Leasing.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Asking Rent: $140/ft.
  • Square Footage: 1,500
  • Date: 06/07/2022
  • Market: New York

Ben Biberaj and Kevin Bisconti from Meridian Retail Leasing played a crucial role in representing the tenant and facilitating the lease agreement. They worked alongside the landlord, Steve Croman, to ensure a successful transaction for both parties.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93