Les Cannabis Co Signs Retail Lease At 68 Clinton Street With Landlord Steven Croman For $125/ft
68 Clinton Street
$125
$125/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Sep 9, 2026
About this deal
AI
The retail asset located at 68 Clinton Street in the Lower East Side consists of 1,800 square feet and has an asking rent of $125 per foot. This transaction is categorized under a retail lease. The landlord for this property is Steven Croman, while the tenant is Les Cannabis Co.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $225,000
- Address: 68 Clinton Street
- Market: Lower East Side
- Lease Type: Retail Lease
- Landlord: Steven Croman
- Tenant: Les Cannabis Co
- Brokers: Isaac Cooper & Jack Hamadani - KSR
The brokerage team representing the transaction includes Isaac Cooper and Jack Hamadani from KSR. Their involvement has facilitated the leasing process for the tenant, Les Cannabis Co. This marks a significant step for both the landlord and tenant in securing this retail location.
On the Map
$125
$125/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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93