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:
- Property Type: Mixed use
- Transaction Amount: $300/ft
- Address: 20 Christopher Street
- Market: West Village
- Landlord: Lionel Nazarian
- Tenant: Fonty's
- Brokers: Greg Goldberg, Jake Herskowitz, Ben Biberaj & Sam Tucker - Meridian Capital Group
- Lease Type: Modified Gross Lease
- Square Footage: 700
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
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