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20 Christopher Street

Lionel Nazarian Leases Mixed Use Space To Fonty's In West Village For $300/ft
LEASEDMultiFamily

Lionel Nazarian Leases Mixed Use Space To Fonty's In West Village For $300/ft

20 Christopher Street

$300

$300/SF

Building Size

700 SF

Asset Type

MultiFamily

Closing

Mar 6, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 20 Christopher Street in the West Village. The lease type is a modified gross lease with an asking rent of $300 per square foot for a total size of 700 square feet.

Summary of transaction details:

This transaction was facilitated by brokers Greg Goldberg, Jake Herskowitz, Ben Biberaj, and Sam Tucker, representing the landlord and tenant, indicating a collaborative effort between Meridian Capital Group and the parties involved in this leasing agreement.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker

Lionel Nazarian

Landlord

$33.3M

vol

6 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93