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105 Hudson St, New York, NY...

Fine Arts Housing Leases Retail Space To Beefbar At 105 Hudson St, New York
LEASEDRetail

Fine Arts Housing Leases Retail Space To Beefbar At 105 Hudson St, New York

105 Hudson St, New York, NY, 10013

Building Size

6,420 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The retail property located at 105 Hudson St, New York, NY, 10013, has been leased. The asset spans 6,420 square feet and is situated in the New York market. The tenant, Beefbar, has secured this space from the landlord, Fine Arts Housing. The tenant's representative in this transaction was Richard Skulnick.

Summary of transaction details:

The deal involved Fine Arts Housing as the landlord and Beefbar as the tenant, with Richard Skulnick serving as the tenant's representative. Additionally, Morris Dweck from Kassin Sabbagh Realty, along with Paul Popkin and Peter Braus from Lee & Associates, represented the landlord in this lease transaction.

Players

Morris Dweck

Kassin Sabbagh Realty

Broker

$382.3M

vol

32 deals

Broker

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