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79 Clinton St New York, NY ...

Updated Oct 29, 2024

Cloud Vietnamese Restaurant Leases Retail Space At 79 Clinton Street, New York City
LEASEDRetail

Cloud Vietnamese Restaurant Leases Retail Space At 79 Clinton Street, New York City

79 Clinton St New York, NY 10002, USA

$180

$180/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

May 3, 2023

About this deal

AI

The retail property located at 79 Clinton Street in New York City has been leased. The landlord, Witnick Real Estate Partners, has entered into an agreement with Cloud Vietnamese Restaurant as the tenant. The lease transaction was facilitated by brokers James Famularo, Bobby Ortense, and Joseph Khojahiny from Meridian Capital Group. The property spans 1,200 square feet and the asking rent was $180 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 79 Clinton Street, New York City
  • Landlord: Witnick Real Estate Partners
  • Tenant: Cloud Vietnamese Restaurant
  • Brokers: James Famularo, Bobby Ortense, and Joseph Khojahiny - Meridian Capital Group
  • Asking Rent: $180 per square foot
  • Square Footage: 1,200

The leased property, located in New York City's retail market, will serve as the new location for Cloud Vietnamese Restaurant. James Famularo, Bobby Ortense, and Joseph Khojahiny represented the tenant and negotiated the lease terms with Witnick Real Estate Partners on behalf of the landlord.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
Witnick Real Estate Partners
Witnick Real Estate PartnersLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $180 per square foot on a published $180 for 1,200 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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