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47 Monroe Street

Richard Thypin Leases Mixed-Use Property To Cafe La Rosa In Two Bridges Manhattan
LEASEDMixed-use

Richard Thypin Leases Mixed-Use Property To Cafe La Rosa In Two Bridges Manhattan

47 Monroe Street

$120

$120/SF

Building Size

1,050 SF

Asset Type

Mixed-use

Closing

May 26, 2025

AI

The property is a mixed-use asset located at 47 Monroe Street in the Two Bridges market of Manhattan. It encompasses a total square footage of 1,050 and has an asking rent set at $120 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $126,000
  • Address: 47 Monroe Street
  • Market: Two Bridges, Manhattan
  • Landlord: Richard Thypin
  • Tenant: Cafe La Rosa
  • Landlord's Representative: Seth Kessler - Real New York
  • Tenant's Representative: Benjamin Namdar - ARA
  • Lease Type: Retail Lease

This transaction involved key individuals such as landlord Richard Thypin and tenant Cafe La Rosa, with representation from Seth Kessler of Real New York for the landlord and Benjamin Namdar of ARA representing the tenant.

Players

Seth Kessler

Real New York

Broker

$1M

vol

10 deals

Broker

Richard Thypin

Landlord

$9.3M

vol

3 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93