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
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