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83 Leonard Street

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

AI

The mixed-use property located at 83 Leonard Street in the Tribeca market has a leased area of 2,800 square feet. The property is leased under a Single Net Lease agreement with an asking rent set at $120 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $336,000
  • Lease Type: Single Net Lease
  • Address: 83 Leonard Street
  • Market: Tribeca
  • Landlord: Richard Adjmi
  • Tenant: Meir Gallery
  • Landlord's Representative: Morris Mishan - Momentum Realty Group
  • Tenant's Representative: Jonathan Travis - Redwood Property Group

The deal features key representatives including Morris Mishan from Momentum Realty Group representing the landlord, Richard Adjmi, and Jonathan Travis from Redwood Property Group acting on behalf of the tenant, Meir Gallery. Their involvement contributes to the successful completion of this lease agreement.

Players

Jonathan Travis

Redwood Property Group

Broker

$2.8M

vol

9 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93