Brickyard Craft Kitchen & Bar Leases Retail Space At 1 Wall Street Court In Financial District
1 Wall Street
$88
$88/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Dec 26, 2024
AI
The property asset involved is located at 1 Wall Street Court in the Financial District of Manhattan. This retail space has an asking rent of $88 per square foot, with a total size of 7,500 square feet. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $88/ft
- Lease Type: Modified Gross Lease
- Landlord: Michael Federman
- Tenant: Brickyard Craft Kitchen & Bar
- Brokers: James Famularo, Kyle Fink & John Roesch - Meridian Capital Group
The brokers involved in the transaction are James Famularo, Kyle Fink, and John Roesch, all representing Meridian Capital Group. Their role emphasizes their expertise in facilitating this lease between the landlord and tenant.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93