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259 Bleecker Street

Absolute Coffee Leases Mixed-Use Space At 259 Bleecker Street Represented By Isaac Abed And Chandler Slate
LEASEDMixed-use

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:

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

Chandler Slate

Tri State Commercial Realty

Broker

$10.7M

vol

33 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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93