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102 Christopher Street

Talea Beer Inc Signs Lease For Retail Space On Christopher Street With Brokers Joshua Berkun, Maddy Soffer & Albert Halawani - KSR
LEASEDRetail

Talea Beer Inc Signs Lease For Retail Space On Christopher Street With Brokers Joshua Berkun, Maddy Soffer & Albert Halawani - KSR

102 Christopher Street

$191

$191/SF

Building Size

1,570 SF

Asset Type

Retail

Closing

Jul 31, 2023

AI

The property involved in this lease transaction is a retail space located at 102 Christopher Street in the West Village neighborhood of Manhattan. The asset encompasses 1,570 square feet on the ground floor and an additional 1,000 square feet in the basement. The landlord of the property is Michael Shah, and the tenant is TALEA BEER INC. The transaction was facilitated by brokers Joshua Berkun, Maddy Soffer, and Albert Halawani from KSR. The lease was signed on 07/31/2023.

Summary of transaction details:

  • Property Type: Retail
  • Address: 102 Christopher Street, West Village, Manhattan
  • Landlord: Michael Shah
  • Tenant: TALEA BEER INC
  • Brokers: Joshua Berkun, Maddy Soffer, Albert Halawani - KSR
  • Lease Date: 07/31/2023

Talea Beer Inc has recently signed a location in Bryant Park, with details to be released. Additionally, they are actively searching for a location on the Upper West Side.

Players

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker
Michael Shah

Michael Shah

Delshah Capital

Landlord

$1.3B

vol

24 deals

Landlord

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

83052.36%

Cash-on-Cash

-23736.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93