Albert Halawani & Brent Legunn Of KSR Lease Retail Space At 575 West 181st Street
575 West 181st Street
$150
$150/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Jun 24, 2024
About this deal
AI
The retail property located at 575 West 181st Street in Washington Heights was leased in a transaction involving three tenants: Tejada Muebles, Elite Optical, and Lindenwood Health. The property, owned by Kew Management, consists of 5,500 square feet with an asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 575 West 181st Street
- Market: Washington Heights
- Tenants: Tejada Muebles, Elite Optical, Lindenwood Health
- Landlord: Kew Management
- Brokers: Albert Halawani & Brent Legunn - KSR
- Asking Rent: $150/ft
- Lease Type: Retail Lease
The deal was facilitated by brokers Albert Halawani and Brent Legunn from KSR, representing the landlord and tenants in this retail lease agreement.
On the Map
$150
$150/SF
Retail
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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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93