Casa Colven Leases Retail Space At 79 Clinton Street From Landlord Isaac Abraham For $185/ft
79 Clinton Street
$185
$185/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Jan 16, 2025
About this deal
AI
The retail asset located at 79 Clinton Street in the Lower East Side features a total square footage of 2,400 and has an asking rent of $185 per square foot. The lease type is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $185/ft
- Address: 79 Clinton Street
- Market: Lower East Side
- Landlord: Isaac Abraham
- Tenant: Casa Colven
- Brokers: James Famularo, Cole Kleppinger, Bobby Ortense, John Roesch & Sara Lamstein - Meridian Capital Group
- Square Footage: 2,400
- Lease Type: Single Net Lease
The deal was facilitated by a team of brokers from Meridian Capital Group, which includes James Famularo, Cole Kleppinger, Bobby Ortense, John Roesch, and Sara Lamstein. Their involvement highlights a collaborative effort in securing the lease for Casa Colven under the supervision of landlord Isaac Abraham.
On the Map
$185
$185/SF
Retail
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Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
85745.95%
Cash-on-Cash
-24506.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93