Café Luna Leases Retail Space In Meatpacking District's 628 Hudson Street
628 Hudson Street, New York, NY, USA
Building Size
900 SF
Asset Type
Retail
Closing
Mar 24, 2021
About this deal
AI
The retail space located at 628 Hudson Street in the Meatpacking District has been leased. The tenant, Walid Hammami, will be opening Café Luna in this location. The landlord, Jose Lloves, represented by Berea Realty, has agreed to lease the property.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 03/25/2021
- Address: 628 Hudson Street
- Market: Meatpacking District
Representing the tenant, Walid Hammami, is James Famularo of Meridian Retail Leasing. On the other side, representing the landlord, Jose Lloves, is Daniel Rodriguez Sains from Buchbinder & Warren.
The asking rent for the retail space was $200 per square foot, and the total area of the leased space is approximately 900 square feet.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93