Rostudios Signs 10-Year Lease At 799 Broadway In Greenwich Village With Nicholas Bienstock As Landlord
799 Broadway
Building Size
9,000 SF
Asset Type
Mixed-use
Closing
Jun 1, 2025
AI
The asset involved in this transaction is a mixed-use property located at 799 Broadway in the Greenwich Village market, encompassing a total of 9,000 square feet. This property will serve as the first U.S. location for the Amsterdam-based fitness concept Rostudios.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 799 Broadway
- Market: Greenwich Village
- Lease Term: 10-year lease
- Landlord: Nicholas Bienstock
- Landlord's Agency: Savanna
- Tenant: Rogier Van Duyn
- Tenant's Agency: Rostudios
- Brokers: Patrick O’Rourke & Steven Soutendijk
- Brokers' Agency: Cushman & Wakefield
This lease agreement marks Rostudios' entry into the U.S. market, with plans for the new studio to feature spaces for spin classes and Pilates, creating a community-oriented fitness environment. The anticipated opening is set for the second quarter of 2026.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93