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
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93