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