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53 The Circle

Tahari Capital Leases Retail Space At 53 The Circle To GreyVen In East Hampton
LEASEDRetail

Tahari Capital Leases Retail Space At 53 The Circle To GreyVen In East Hampton

53 The Circle

$145

$145/SF

Building Size

1,635 SF

Asset Type

Retail

Closing

May 9, 2024

AI

The property asset involved in the transaction is located at 53 The Circle in East Hampton. It is categorized as retail space with a total square footage of 1,635. The asking rent for the lease is $145 per foot, and it operates under a NNN Lease structure. The property is also being offered for sale at a price of $3,959,000, reflecting a 6% cap rate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $145/ft
  • Square Footage: 1,635
  • Address: 53 The Circle
  • Market: East Hampton
  • Landlord: Tahari Capital - Jeremey Tahari
  • Tenant: GreyVen
  • Broker: Alex Putzer, Jaden Lander & Jack Crev - Tahari Realty
  • Asking Price for Sale: $3,959,000
  • Cap Rate: 6%

The key individuals involved in the deal include Jeremey Tahari, representing the landlord, in collaboration with brokers Alex Putzer, Jaden Lander, and Jack Crev from Tahari Realty, who facilitated the leasing transaction to the tenant, GreyVen.

Players

Alex W. Putzer

Bridge Advisory Group

Broker

4 deals

Broker
Accent Holdings
Accent HoldingsBrokerage

Holbrook 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

109400.00%

Cash-on-Cash

-31266.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93