SORA Leases Retail Space In Lower East Side At 73 Orchard St
73 Orchard Street, New York City, New York 10002, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Apr 7, 2022
About this deal
AI
The retail property located at 73 Orchard St. in the Lower East Side has been leased. The deal was closed on 04/08/2022.
Summary of transaction details
- Property Type: Retail
- Market: Lower East Side
- Address: 73 Orchard St.
The landlord of the property is Miriam Kohn, while the tenant is SORA. Brandon Singer and Max Kreinces representing Retail By MONA acted as the tenant's representatives in the transaction. Eric Tsoi from Kinyu Realty served as the landlord's representative.
The asking rent for the lease was $100 per square foot, and the total square footage of the space is 1,100.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93