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561 Clinton Street

Updated Dec 4, 2024

Yuelan He Signs Double Net Lease For Retail Nail Salon Space At 561 Clinton Street In New York City
LEASEDRetail

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

Morris Tobias

Monday Morning MGMT

Broker

21 deals

Broker

Alan Cohen

Landlord

$44M

vol

2 deals

Landlord

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $65 per square foot on a published $65 for 1,050 square feet (2023).

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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

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