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112 Duane Street

Bureau Gallery Leases 3,600 SF Retail Space At 112 Duane Street In New York City
LEASEDRetail

Bureau Gallery Leases 3,600 SF Retail Space At 112 Duane Street In New York City

112 Duane Street

$120

$120/SF

Building Size

3,600 SF

Asset Type

Retail

Closing

Mar 14, 2023

AI

The Bureau Gallery has signed a lease for a retail space located at 112 Duane Street in New York City. The property spans 3,600 square feet and the lease term is set at 12 years and 4 months. The asking rent for the space is $120 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 112 Duane Street, New York City
  • Market: New York City

Jeffrey Siegel is the landlord of the property, while Andrew Stern and Scott Zinovoy from Newmark represented the landlord. The Bureau Gallery was represented by Steven Gurton from R New York.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
Jeffrey Siegel

Jeffrey Siegel

Landlord

$26.1M

vol

5 deals

Landlord
BG
Bureau GalleryTenant

Market 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