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
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.
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