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666 Greenwich Street

Continuum Leases 25,000 SF At Rockrose Development's Archive Building In West Village
LEASEDMixed-use

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

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:

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.

Players

Steve Gold

The Corcoran Group

Broker

$54.7M

vol

5 deals

Broker

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