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561 Clinton Street

Leo And Lavi Co. Leases Retail Space At 561 Clinton Street In New York City
LEASEDRetail

Leo And Lavi Co. Leases Retail Space At 561 Clinton Street In New York City

561 Clinton Street

$60

$60/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 26, 2022

AI

The retail property located at 561 Clinton Street in New York City has been leased. The tenant, Leo And Lavi Co., will be occupying the space. The landlord in this transaction is Conway Capital. The deal was facilitated by brokers Jack Mishaan and Jordan Steiner from BH Realty Group. The lease was signed for a total of 1,000 square feet of space. The asking rent for the property was $60 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Tenant: Leo And Lavi Co.
  • Landlord: Conway Capital
  • Brokers: Jack Mishaan & Jordan Steiner - BH Realty Group
  • Asking Rent: $60 per square foot
  • Size (SF): 1,000

BH Realty Group, represented by Jack Mishaan and Jordan Steiner, played a crucial role in finalizing the lease agreement between Leo And Lavi Co. and Conway Capital for the retail property at 561 Clinton Street. BH Realty Group is actively seeking to expand its business and welcomes inquiries from individuals interested in joining their team.

Players

Jordan Steiner

Broker

$8.9M

vol

5 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93