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440 East 9th Street

Nathan Obstfeld Leases Retail Space To Annie's Thrift & Vintage At 440 East 9th Street
LEASEDRetail

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

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.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker

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