W & Company Leases Retail Space In TriBeCa's 281 Church Street With Tenant Reps KSR
281 Church Street
$120
$120/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Mar 31, 2023
About this deal
AI
A retail space located at 281 Church Street in TriBeCa has been leased. The property, spanning 2,000 square feet, was leased by W & COMPANY. The landlord, Steven Spiegel, was represented by Ben Kahr, while Carolina Aziz and Madeleine Soffer from KSR represented the tenant.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 281 Church Street
- Market: TriBeCa
- Tenant: W & COMPANY
- Landlord: Steven Spiegel
- Landlord Representative: Ben Kahr
- Tenant Representatives: Carolina Aziz and Madeleine Soffer - KSR
- Asking Rent: $120/ft
- Square Footage: 2,000
Carolina Aziz and Madeleine Soffer from KSR played a key role in facilitating the lease deal between W & COMPANY and the landlord, Steven Spiegel. This lease marks a significant addition to the retail space in TriBeCa, providing W & COMPANY with a prime location to establish their presence in the market.
Players
Market 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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93