Plump Leases Retail Space At 104 Reade Street In Tribeca With Tenant's Rep The Greenberg Group
104 Reade Street, New York City, New York 10013, United States
Building Size
2,000 SF
Asset Type
Retail
Closing
Feb 9, 2022
About this deal
AI
Located in Tribeca, the retail property at 104 Reade Street recently underwent a lease transaction. The deal was finalized on 02/10/2022.
Summary of transaction details
- Property Type: Retail
- Address: 104 Reade Street
- Market: Tribeca
Plump, a tenant, secured the lease for the property. The lease was facilitated by The Greenberg Group, representing the tenant. The landlord, John Roesch & Kevin Bisconti of Meridian Retail Leasing, acted as the representative for the landlord.
The lease was signed at an asking rent of $100 per square foot, with a total space size of 2,000 square feet.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93