facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

4 East 8th Street

Next Step Realty Leases Mixed-Use Space At 4 East 8th Street In Greenwich Village
LEASEDMixed-use

Next Step Realty Leases Mixed-Use Space At 4 East 8th Street In Greenwich Village

4 East 8th Street

$120

$120/SF

Building Size

1,000 SF

Asset Type

Mixed-use

Closing

Nov 1, 2023

AI

The property involved in this lease transaction is a mixed-use space located at 4 East 8th Street, in the Greenwich Village area of Manhattan. The space comprises approximately 1,000 square feet, with an asking rent of $120 per square foot. The lease type is a ground lease.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: N/A
  • Address: 4 East 8th Street, Greenwich Village, Manhattan
  • Market: Greenwich Village, Manhattan

In this lease deal, the landlord, Thomas Hersch, entered into an agreement with the tenant, Next Step Realty. The broker representing both parties in this transaction is Michael Bijou from BH Realty.

BH Realty is a full-service commercial and residential brokerage known for their expertise in both exclusive leasing and sales. They prioritize relationships with their clients and provide advice to owners and developers on maximizing the growth potential of their assets.

For owners interested in complimentary services such as market updates, comp/pricing reports, and construction/renovation consultations, they can contact BH Realty at [email protected].

Brokers looking to enhance their real estate skill set and work with exclusive listings can also reach out to BH Realty at [email protected] to explore career opportunities within the industry.

Players

Michael Bijou

Kassin Sabbagh Realty

Broker

4 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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