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
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