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:
- Property Type: Mixed-use
- Transaction Amount: $120/ft
- Square Footage: 2,800
- Address: 83 Leonard Street
- Market: Tribeca
- Landlord: Richard Adjmi
- Tenant: Nino Meir Gallery
- Landlord's Representative: Morris Mishan - Momentum Realty Group
- Tenant's Representative: Jonathan Travis - Redwood Property Group
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
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