Nathan Berman Leases Retail Space At 135 William Street To Snack Basket 1 With Broker Sara Lamstein
135 William Street
Building Size
500 SF
Asset Type
Retail
Closing
Jan 1, 2025
About this deal
AI
The lease transaction involved a retail asset located at 135 William Street in the Fulton market. The asking rent for the 500 square feet space is set at $144 per square foot, under a modified gross lease structure.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $144/ft
- Address: 135 William Street
- Market: Fulton
- Lease Type: Modified Gross Lease
- Landlord: Nathan Berman
- Tenant: Snack Basket 1
- Broker: Sara Lamstein - Meridian Capital Group
The key individuals involved in the transaction include Nathan Berman as the landlord and Snack Basket 1 as the tenant. Sara Lamstein from Meridian Capital Group represented the broker in this lease agreement, facilitating the transaction between the parties.
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
110159.72%
Cash-on-Cash
-31483.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93