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80 John Street

Saddeq Al Assaidi Leases Retail Space At 80 John St. In Financial District
LEASEDRetail

Saddeq Al Assaidi Leases Retail Space At 80 John St. In Financial District

80 John Street

$87

$87/SF

Building Size

1,600 SF

Asset Type

Retail

Closing

Feb 26, 2024

AI

Located at 80 John Street, Space B in the Financial District of Manhattan, this retail property was leased for an asking rent of $87 per square foot. The deal involved John Gold as the landlord and Saddeq Al Assaidi as the tenant. The lease was facilitated by Frederick Betesh and Chandler Slate from Tri State Commercial Realty. The space spans 1,600 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Landlord: John Gold
  • Tenant: Saddeq Al Assaidi
  • Brokers: Frederick Betesh & Chandler Slate - Tri State Commercial Realty

The brokers involved in this retail lease deal were Frederick Betesh and Chandler Slate from Tri State Commercial Realty. They can be contacted at [email protected] or 646-828-8928 for leasing or purchasing inquiries.

Players

Chandler Slate

Tri State Commercial Realty

Broker

$10.7M

vol

33 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

182333.33%

Cash-on-Cash

-52111.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93