Treaty Holdings Leases Retail Space At 9 Eldridge Street In Chinatown For $88 Per Ft
9 Eldridge Street
$88
$88/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Apr 9, 2026
AI
The retail asset located at 9 Eldridge Street in the Chinatown market comprises 1,100 square feet. The asking rent for this property is set at $88 per square foot, and it operates under a Single Net Lease arrangement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $97,800
- Address: 9 Eldridge Street
- Market: Chinatown
- Landlord: Maurice Sohayegh
- Tenant: Treaty Holdings
- Landlord's Representative: Noam Aziz, Joaquin Carrillo & Bradley Benilevi - Meridian Capital Group
- Tenant's Representative: Daniel Rachline - Meridian Capital Group
This lease transaction involved key representatives from Meridian Capital Group handling both sides of the deal, with Noam Aziz, Joaquin Carrillo, and Bradley Benilevi representing the landlord, and Daniel Rachline representing the tenant.
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
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93