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
About this deal
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:
- Property Type: Retail Lease
- Transaction Amount: $68/ft
- Address: 515 East 12th Street
- Market: Ukrainian Village, Manhattan
- Landlord: David Aronow
- Tenant: The Community Boutique
- Broker: Kevin Bisconti & Ben Zone - Meridian Capital Group
- Lease Type: Retail Lease
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.
On the Map
$68
$68/SF
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93