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515 East 12th Street

David Aronow Leases Retail Space At 515 East 12th Street To The Community Boutique
LEASEDRetail

David Aronow Leases Retail Space At 515 East 12th Street To The Community Boutique

515 East 12th Street

$68

$68/SF

Building Size

700 SF

Asset Type

Retail

Closing

Sep 25, 2024

AI

The retail asset located at 515 East 12th Street in the Ukrainian Village, Manhattan, has a leasing opportunity with an asking rent of $68 per square foot for a total area of 700 square feet.

Summary of transaction details:

This transaction involves key figures including the landlord David Aronow and the tenant The Community Boutique, who have engaged with brokers Kevin Bisconti and Ben Zone from Meridian Capital Group to facilitate the lease agreement.

Players

Kevin Bisconti

Meridian Capital Group

Broker

50 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

233279.41%

Cash-on-Cash

-66671.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93