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:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant's Representative: Richard Skulnick
- Landlord's Representatives: Morris Dweck (Kassin Sabbagh Realty), Paul Popkin (Lee & Associates), Peter Braus (Lee & Associates)
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
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