Casa Colven Leases Retail Space At 79 Clinton Street From Landlord Isaac Abraham For $185/ft
79 Clinton Street
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
Retail
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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
85745.95%
Cash-on-Cash
-24506.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93