Mayree Thai Leases Retail Space At 56 East 1st Street In East Village
56 East 1st Street, New York City, New York 10003, United States
Building Size
1,000 SF
Asset Type
Retail
Closing
May 1, 2022
AI
Mayree Thai has leased a retail space at 56 East 1st Street in the East Village. The property is a retail asset with a size of 1,000 square feet. The lease was facilitated by brokers Greg Goldberg and Alex Imperatore from Meridian Retail Leasing. The asking rent for the space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 56 East 1st Street
- Market: East Village
- Tenant: Mayree Thai
- Brokers: Greg Goldberg & Alex Imperatore - Meridian Retail Leasing
- Asking Rent: $120 per square foot
- Size: 1,000 square feet
Greg Goldberg and Alex Imperatore from Meridian Retail Leasing represented Mayree Thai in the lease transaction. Mayree Thai will now operate their business at this location in the East Village.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93