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79 Clinton Street

Casa Colven Leases Retail Space At 79 Clinton Street From Landlord Isaac Abraham For $185/ft
LEASEDRetail

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

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:

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.

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

85745.95%

Cash-on-Cash

-24506.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93