Poshi Convenience Leases Retail Space At 7 Maiden Lane In FiDi New York With Ben Biberaj & Elliot Wygoda – Meridian Retail Leasing
7 Maiden Lane
$80
$80/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Sep 23, 2022
About this deal
AI
Poshi Convenience has leased a retail space located at 7 Maiden Lane in the Financial District of New York. The property, spanning 1,200 square feet, was secured by Poshi Convenience at an asking rent of $80 per square foot. The deal was facilitated by Meridian Retail Leasing brokers Ben Biberaj and Elliot Wygoda.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 7 Maiden Lane
- Market: FiDi New York
- Tenant: Poshi Convenience
- Brokers: Ben Biberaj & Elliot Wygoda - Meridian Retail Leasing
- Asking Rent: $80/ft.
- SF: 1,200
Ben Biberaj and Elliot Wygoda, representing Meridian Retail Leasing, played a key role in negotiating the lease agreement between Poshi Convenience and the property owner. The transaction signifies the demand for retail spaces in the Financial District, with Poshi Convenience securing a strategic location.
Players
London 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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93