Aldi Monroe Leases 900 SF Retail Space In East Village At 44 East 1st St
44 East 1st St, New York, NY 10003, Estados Unidos
Building Size
900 SF
Asset Type
Retail
Closing
Sep 9, 2020
About this deal
AI
The property involved in the transaction is located at 44 East 1st St, situated in the East Village market. The space has a total square footage of 900 and was listed at an asking rent of $53 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $53/ft.
- Address: 44 East 1st St
- Market: East Village
- Tenant: Aldi Monroe
- Landlord: 9300 Realty
- Brokers: James Famularo & Clayton Traynham @Meridian.Capital.Group
James Famularo and Clayton Traynham represented the landlords and facilitated the lease transaction for Aldi Monroe with 9300 Realty as the property owner in this deal.
On the Map
Retail
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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