Absolute Coffee Leases Mixed-Use Space At 259 Bleecker Street Represented By Isaac Abed And Chandler Slate
259 Bleecker Street
$200
$200/SF
Building Size
500 SF
Asset Type
Mixed-use
Closing
Sep 18, 2024
AI
The property asset involved in this transaction is located at 259 Bleecker Street in the West Village market. It is a mixed-use asset with an asking rent of $200 per square foot and a total of 500 square feet. The lease type agreed upon is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $200/ft
- Address: 259 Bleecker Street
- Market: West Village
- Landlord: JR Properties
- Tenant: Absolute Coffee
- Landlord's Representative: Bledar Asllani - Kaden Realty Inc.
- Tenant's Representative: Isaac Abed & Chandler Slate - Tri State Commercial Realty
- Square Footage: 500
- Lease Type: Modified Gross Lease
This deal involved key individuals representing both the landlord and the tenant, highlighting their roles in the leasing transaction. Bledar Asllani from Kaden Realty Inc. represented JR Properties, while Isaac Abed and Chandler Slate from Tri State Commercial Realty acted on behalf of Absolute Coffee in this agreement.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93