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7-9 East 30th Street

Motoyishi Leases Retail Space At 7-9 East 30th Street In NoMad Manhattan With John Roesch & Kevin Bisconti As Landlord's Representatives
LEASEDRetail

Motoyishi Leases Retail Space At 7-9 East 30th Street In NoMad Manhattan With John Roesch & Kevin Bisconti As Landlord's Representatives

7-9 East 30th Street

$136

$136/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Jul 25, 2024

AI

The property asset involved in this lease transaction is a retail space located at 7-9 East 30th Street in the NoMad neighborhood of Manhattan. The property comprises a total square footage of 2,200 SF and is being leased at an asking rent of $136 per foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $136/ft
  • Lease Type: Retail Lease
  • Landlord: Rick Serrapica - Castellan Real Estate Partners
  • Tenant: Motoyishi
  • Landlord's Representative: John Roesch & Kevin Bisconti - Meridian Capital Group
  • Tenant's Representative: Peter Hong - PD Properties

This lease transaction involves key individuals representing both the landlord and the tenant, with Rick Serrapica being the landlord from Castellan Real Estate Partners. The tenant, Motoyishi, is supported by Peter Hong from PD Properties, while the landlord's interests were represented by John Roesch and Kevin Bisconti from Meridian Capital Group.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

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

116639.71%

Cash-on-Cash

-33335.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93