PALACE Skateboards Leases 3000 Square Feet Retail Space At 49 Howard St From Jack Cohen
49 Howard Street
Building Size
3,000 SF
Asset Type
Retail
Closing
Dec 20, 2023
AI
The property involved in this transaction is a retail asset located at 49 Howard St in the Howard market. The total area of the property is 3,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 49 Howard St
- Market: Howard
- Square Feet: 3,000.0
- Tenant: PALACE skateboards
- Landlord: Jack Cohen (COMJEM)
- Broker: Aric Trakhtenberg (Newmark)
The lease transaction was facilitated by broker Aric Trakhtenberg representing the tenant PALACE skateboards. The landlord of the property is Jack Cohen, associated with COMJEM, responsible for the leasing arrangements in this deal.
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