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197 Bleecker Street

Bleecker Street Market Signs Long-Term Modified Gross Lease At 197 Bleecker Street, Greenwich Village, Manhattan
LEASEDMixed-use

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

Ravi Idnani

Newmark

Broker

$3M

vol

67 deals

Broker

Ryan Fuld

Landlord

$5M

vol

2 deals

Landlord

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