Brooklyn Bread Cafe Leases Retail Space At 111 Murray Street In Tribeca
111 Murray Street
$175
$175/SF
Building Size
823 SF
Asset Type
Retail
Closing
Nov 1, 2023
About this deal
AI
The asset involved in this lease transaction is a retail property located at 111 Murray Street, in the Tribeca neighborhood of Manhattan. The tenant, Brooklyn Bread Cafe, is leasing 823 square feet of this property under a modified gross lease, with an asking rent of $175 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $175/ft
- Square Footage: 823
- Address: 111 Murray Street
- Market: Tribeca, Manhattan
- Landlord: Fisher Brothers
- Tenant: Brooklyn Bread Cafe
- Broker: Andrew Stern - Newmark
- Lease Type: Modified Gross Lease
Key individuals involved in this transaction include Andrew Stern, representing Newmark as the broker for this deal. The landlord of the property is Fisher Brothers, a known entity in the real estate industry.
On the Map
$175
$175/SF
Retail
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Players
Cumberland 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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93