Nathan Obstfeld Leases Retail Space To Annie's Thrift & Vintage At 440 East 9th Street
440 East 9th Street
$165
$165/SF
Building Size
400 SF
Asset Type
Retail
Closing
Feb 13, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 440 East 9th Street in the East Village. The asking rent for the property is $165 per square foot, covering a total area of 400 square feet. The lease term agreed upon for this property is 10 years, and it operates under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $165/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Nathan Obstfeld
- Tenant: Annie's Thrift & Vintage
- Brokers: Chaim Zagelbaum & Josh Augenbaum - Augenbaum Realty
The key individuals involved in this lease transaction include Nathan Obstfeld, who acts as the landlord, and Annie's Thrift & Vintage, the tenant securing the retail space. The brokerage representation comes from Chaim Zagelbaum and Josh Augenbaum, who facilitated the deal through Augenbaum Realty.
On the Map
$165
$165/SF
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
96139.39%
Cash-on-Cash
-27476.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93