Goa Kitchen Leases Retail Space At 78 Leonard St. In New York With Brokers Global Realty Services USA And Meridian Retail Leasing
78 Leonard Street
$100
$100/SF
Building Size
7,200 SF
Asset Type
Retail
Closing
May 5, 2022
About this deal
AI
Goa Kitchen has signed a lease to occupy the retail space located at 78 Leonard St. in New York. The lease transaction was facilitated by brokers Raj Whadwa of Global Realty ServicesUSA and James Famularo of Meridian Retail Leasing. The property spans 7,200 square feet and the asking rent was $100 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 78 Leonard St., New York
- Market: New York
- Landlord: Marc Sferrazza
- Tenant: Goa Kitchen
- Brokers: Raj Whadwa - Global Realty Services USA, James Famularo - Meridian Retail Leasing
- Asking Rent: $100 per square foot
- Square Footage: 7,200
James Famularo and Raj Whadwa were instrumental in securing the lease deal for 78 Leonard St. Famularo represented Meridian Retail Leasing, while Whadwa represented Global Realty Services USA. This transaction represents a significant addition to Goa Kitchen's retail portfolio, further establishing their presence in the New York market.
Players
Brooklyn 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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93