La Fleur Cafe Leases Retail Space At 437 E. 9th Street In East Village
437 East 9th Street, New York City, New York 10009, United States
Building Size
550 SF
Asset Type
Retail
Closing
Feb 22, 2022
About this deal
AI
A lease transaction has taken place in the East Village market. The retail property located at 437 E. 9th Street has been leased to La Fleur Cafe. The leasing deal was facilitated by brokers Greg Goldberg and Evan Roteman from Meridian Retail Leasing, representing the tenant. The landlord in this transaction is Benchmark Real Estate Group, represented by Daniel Gillies.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $120/ft.
- Square Footage: 550
- Date: 02/23/2022
- Address: 437 E. 9th Street
- Tenant: La Fleur Cafe
- Landlord: Benchmark Real Estate Group - Daniel Gillies
- Brokers: Greg Goldberg & Evan Roteman - Meridian Retail Leasing
No additional information regarding the lease transaction is available.
Players
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