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435 East 9th Street, Manhat...

EvilKatsu Leases Retail Space In East Village For $132/ft
LEASEDRetail

EvilKatsu Leases Retail Space In East Village For $132/ft

435 East 9th Street, Manhattan, New York, NY, USA

Building Size

800 SF

Asset Type

Retail

Closing

Apr 28, 2021

AI

The retail property located at 435 E. 9th Street in the East Village of New York City has recently been leased. The tenant, EvilKatsu, has signed a lease agreement with the landlord, Kushner Companies. The leasing transaction was facilitated by James Famularo and Greg Goldberg of Meridian Retail Leasing, who represented EvilKatsu, and Max Swerdloff of Kushner Companies, who represented the landlord.

Summary of Transaction Details:

  • Property Type: Retail
  • Date: 04/29/2021
  • Market: East Village
  • Asking Rent: $132/ft.
  • Square Footage: 800

The retail space's lease agreement was finalized on April 29, 2021, with an asking rent of $132 per square foot. EvilKatsu, represented by James Famularo and Greg Goldberg of Meridian Retail Leasing, will be operating their business in the East Village location. The property is owned by Kushner Companies, with Max Swerdloff serving as their representative in the deal.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesLandlord
KABR Group
KABR GroupLandlord

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