The Vintage Twin Leases Retail Space In Lower East Side At 69 Orchard Street
69 Orchard Street
$130
$130/SF
Building Size
1,750 SF
Asset Type
Retail
Closing
Sep 20, 2023
About this deal
AI
The Vintage Twin, a retail tenant, has signed a lease for a space located at 69 Orchard Street in the Lower East Side market. The property spans a total of 1,750 square feet. The asking rent for the lease was $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 69 Orchard Street
- Market: Lower East Side
- Landlord: Melody Malekan - The Malachite Group
- Tenant: The Vintage Twin
- Broker: Aric Trakhtenberg - Newmark
- Asking Rent: $130/ft
Aric Trakhtenberg from Newmark represented The Vintage Twin as their broker representative in this lease transaction.
On the Map
$130
$130/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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93