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
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