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
Holbrook Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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