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135 William Street

Nathan Berman Leases Retail Space At 135 William Street To Snack Basket 1 With Broker Sara Lamstein
LEASEDRetail

Nathan Berman Leases Retail Space At 135 William Street To Snack Basket 1 With Broker Sara Lamstein

135 William Street

$144

$144/SF

Building Size

500 SF

Asset Type

Retail

Closing

Jan 1, 2025

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.

Players

Sara Lamstein

Meridian Capital Group

Broker

12 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

110159.72%

Cash-on-Cash

-31483.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93