Continuum Leases 25,000 SF At Rockrose Development's Archive Building In West Village
666 Greenwich Street
Building Size
25,000 SF
Asset Type
Mixed-use
Closing
Mar 20, 2024
About this deal
AI
The Archive Building, a mixed-use property located at 666 Greenwich Street in the West Village, Manhattan, spans 25,000 square feet. The lease agreement signed on 03/20/2024, involved Rockrose Development, owned by Henry Elghanayan, as the landlord, and Continuum as the tenant.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Landlord: Henry Elghanayan - Rockrose Development
- Tenant: Continuum
- Broker: Steve Gold - The Corcoran Group
Continuum, a high-end fitness company with a focus on technology-driven wellness, secured a 25,000-square-foot lease at the Archive Building. The deal was facilitated by the brokerage services of Steve Gold from The Corcoran Group.
On the Map
Mixed-use
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93