Updated Dec 21, 2023
Memphis Seoul Leases Retail Space In East Village At 123 First Ave
123 First Ave
$250
$250/SF
Building Size
850 SF
Asset Type
Retail
Closing
Oct 19, 2022
About this deal
AI
The retail property located at 123 First Ave in the East Village has been leased. The tenant, Memphis Seoul, will be occupying the space. The landlord of the property is Won Moon.
Summary of transation details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $250/ft.
- Square Footage: 850
- Address: 123 First Ave
- Market: East Village
Jack Mosseri from Silverline Realty Group represented Memphis Seoul as their tenant's representative in the lease deal. The landlord's representative, Greg Goldberg, was from the Meridian Capital Group.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93