BKLYN MACS Leases Retail Space At 438 East 9th Street From Landlord Nathan Obstfeld
438 East 9th Street
$150
$150/SF
Building Size
400 SF
Asset Type
Retail
Closing
Sep 1, 2024
AI
The property asset involved in this transaction is a retail space located at 438 East 9th Street in the East Village, Manhattan. The asking rent for the space is $150 per square foot, with the total area measuring 400 square feet. The lease term is set for 10 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Address: 438 East 9th Street
- Market: East Village, Manhattan
- Landlord: Nathan Obstfeld
- Tenant: BKLYN MACS
- Representing Brokers: Josh Augenbaum & Chaim Zagelbaum - Augenbaum Realty
The key individuals involved in the deal include Nathan Obstfeld as the landlord and BKLYN MACS as the tenant. The transaction was facilitated by brokers Josh Augenbaum and Chaim Zagelbaum, representing the property interests in this lease agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93