Yuelan He Signs Double Net Lease For Retail Nail Salon Space At 561 Clinton Street In New York City
561 Clinton Street
$65
$65/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
Dec 13, 2023
About this deal
AI
The retail property located at 561 Clinton Street in New York City has been leased. The asset, which is a Nail Salon, spans 1,050 square feet. The lease type for this transaction is a Double Net Lease. The tenant, Yuelan He, has entered into an agreement with the landlord, Alan Cohen.
Summary of transaction details:
- Property Type: Retail (Nail Salon)
- Transaction Amount: N/A
- Asking Rent: $65/ft
- Square Footage: 1,050
- Date: 12/13/2023
- Address: 561 Clinton Street, New York City
Morris Tobias of BH Realty represented both parties in this leasing deal.
BH Realty is a full-service commercial and residential brokerage. They specialize in both exclusive leasing and sales, prioritizing their relationships with current and future clients. In addition, BH Realty provides advice to owners and developers on maximizing the growth potential of their assets.
For complimentary services such as market updates, comp/pricing reports, and construction/renovation consultations, you can reach out to [email protected].
If you are a broker interested in enhancing your real estate skill set, working with exclusive listings, and developing a lifelong career within the industry, you can also contact [email protected].
Players
Brooklyn 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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93