Bleecker Street Market Signs Long-Term Modified Gross Lease At 197 Bleecker Street, Greenwich Village, Manhattan
197 Bleecker Street
$300
Building Size
—
Asset Type
Mixed-use
Closing
Dec 29, 2023
AI
A long-term modified gross lease has been finalized for a mixed-use property located at 197 Bleecker Street in Greenwich Village, Manhattan. The landlord, Ryan Fuld, entered into an agreement with the tenant, Bleecker Street Market, for the space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: N/A
- Address: 197 Bleecker Street
- Market: Greenwich Village, Manhattan
The landlord's representative, Joshua Singer from The Heller Organization, facilitated the deal on behalf of Ryan Fuld. On the other side, Ravi Idnani from Newmark represented the tenant, Bleecker Street Market. The asking rent for the 500 square feet space was $300 per square foot.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93