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111 Worth Street

Brookfield Properties Leases Retail Space To Mulberry Market At 111 Worth Street In TriBeCa
LEASEDRetail

Brookfield Properties Leases Retail Space To Mulberry Market At 111 Worth Street In TriBeCa

111 Worth Street

$75

$75/SF

Building Size

8,416 SF

Asset Type

Retail

Closing

Nov 11, 2024

AI

The property asset involved in this lease transaction is located at 111 Worth Street in the TriBeCa market. The retail space encompasses 8,416 square feet, with an asking rent of $75 per square foot. The landlord for this property is Brookfield Properties, and the tenant is Mulberry Market.

Summary of transaction details:

This lease transaction involved brokers Zach Nathan, Marc Sitt, Brandon Berger, and Matthew Fogel, who represented the parties in the deal. Their efforts facilitated the agreement between the landlord and tenant for the retail lease at the specified address.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93