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83 Leonard Street

Updated Aug 27, 2026

Bilt advertisement
Richard Adjmi Leases Mixed-use Space To Meir Gallery At 83 Leonard Street For $120/ft
LEASEDMixed-use

Richard Adjmi Leases Mixed-use Space To Meir Gallery At 83 Leonard Street For $120/ft

83 Leonard Street

$120

$120/SF

Building Size

2,800 SF

Asset Type

Mixed-use

Closing

May 27, 2026

About this deal

AI

The property is a mixed-use asset located at 83 Leonard Street in the Tribeca market area. The leasing transaction involves an asking rent of $120 per square foot for a space of 2,800 square feet under a Single Net Lease arrangement.

Summary of transaction details:

This transaction features key players such as Richard Adjmi, who serves as the landlord, and tenant Nino Meir Gallery. Morris Mishan from Momentum Realty Group represents the landlord, while Jonathan Travis from Redwood Property Group represents the tenant.

Players

Jonathan Travis

Redwood Property Group

Broker

$2.8M

vol

10 deals

Broker

Richard Adjmi

Landlord

1 deal

Landlord
MG
Meir GalleryTenant

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $120 per square foot on a published $120 for 2,800 square feet (2026).

Visit Jonathan Travis to view all their deals.

Browse New York mixed use leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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