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371 Bleecker St, New York, ...

Baccarat Leases 1000 Square Feet At 371 Bleecker St With Landlord 373 Bleecker LLC
LEASED

Baccarat Leases 1000 Square Feet At 371 Bleecker St With Landlord 373 Bleecker LLC

371 Bleecker St, New York, NY, 10014

Building Size

1,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in the transaction is located at 371 Bleecker St, New York, NY, 10014. The asset comprises 1,000 square feet situated in the New York market. The landlord of the property is 373 Bleecker LLC.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Square Feet: 1,000
  • Address: 371 Bleecker St, New York, NY, 10014
  • Market: New York
  • Landlord: 373 Bleecker LLC
  • Tenant: Baccarat
  • Landlord's Representative: Karen Bellantoni (Newmark)

The deal includes tenant Baccarat, associated with the lease of the property. Karen Bellantoni from Newmark represents the landlord in this transaction, facilitating the agreement between the involved parties.

Players

Karen Bellantoni

Newmark

Broker

6 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93