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
About this deal
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.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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