facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

110 Hudson St New York, NY ...

The Little Gym Leases Retail Space At 110 Hudson Street In New York City
LEASEDRetail

The Little Gym Leases Retail Space At 110 Hudson Street In New York City

110 Hudson St New York, NY 10013, USA

$120

$120/SF

Building Size

5,681 SF

Asset Type

Retail

Closing

Aug 4, 2023

AI

The Little Gym has signed a lease for a retail space located at 110 Hudson Street in New York City. The property, owned by Eastgold NYC, offers 5,681 square feet of space. The lease was brokered by Andrew Stern and Alex Hedaya from Newmark. The asking rent for the space is $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 110 Hudson Street
  • Market: New York City
  • Landlord: Eastgold NYC
  • Tenant: The Little Gym
  • Brokers: Andrew Stern & Alex Hedaya - Newmark
  • Asking Rent: $120/ft
  • Square Footage: 5,681

The deal was facilitated by Andrew Stern and Alex Hedaya from Newmark, who served as the brokers for The Little Gym. With their expertise, the lease agreement was successfully negotiated with the landlord, Eastgold NYC. This transaction presents an opportunity for The Little Gym to establish a presence in the bustling retail market of New York City.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93