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:
- Property Type: Retail Lease
- Transaction Amount: $75/ft
- Square Footage: 8,416
- Address: 111 Worth Street
- Market: TriBeCa
- Landlord: Brookfield Properties
- Tenant: Mulberry Market
- Brokers: Zach Nathan, Marc Sitt, Brandon Berger & Matthew Fogel - KSR
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
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93