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
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
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93