Cali Vibes Smoke Shop Leases Retail Space At 449 Liberty Avenue In New York City
449 Liberty Avenue
$66
$66/SF
Building Size
400 SF
Asset Type
Retail
Closing
Dec 28, 2022
AI
The retail property at 449 Liberty Avenue in New York City has been leased. The tenant, Cali Vibes Smoke Shop, has entered into an agreement with the landlord, Sal Mendolia. The lease was facilitated by brokers Joseph DiPiazza and David Quigua of EXR. The asking rent for the property was $66 per square foot, and the total square footage is 400 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 449 Liberty Avenue, New York City
- Tenant: Cali Vibes Smoke Shop
- Landlord: Sal Mendolia
- Brokers: Joseph DiPiazza - EXR
The lease transaction was successfully negotiated by Joseph DiPiazza and David Quigua of EXR. Cali Vibes Smoke Shop will now operate at 449 Liberty Avenue, under the landlord, Sal Mendolia. The property is located in the vibrant market of New York City, offering great potential for Cali Vibes Smoke Shop's business.
Players
New York City 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
240348.48%
Cash-on-Cash
-68692.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93