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111 Murray Street

Brooklyn Bread Cafe Leases Retail Space At 111 Murray Street In Tribeca
LEASEDRetail

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

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.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
Winston Fisher

Winston Fisher

Fisher Brothers

Landlord

$1.6B

vol

18 deals

Landlord

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