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49 Howard Street

PALACE Skateboards Leases 3000 Square Feet Retail Space At 49 Howard St From Jack Cohen
LEASEDRetail

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

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker

Jack Cohen

COMJEM

Landlord

$264.7M

vol

11 deals

Landlord
C
COMJEMLandlord
Ps
PALACE skateboardsTenant

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