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12 Perry Street, Manhattan,...

The Perry Club By Pasta By Hudson Leases Retail Space At 12 Perry Street In West Village
LEASEDRetail

The Perry Club By Pasta By Hudson Leases Retail Space At 12 Perry Street In West Village

12 Perry Street, Manhattan, New York, NY 10014, USA

Building Size

1,000 SF

Asset Type

Retail

Closing

Nov 1, 2021

AI

Located in the bustling West Village, the retail property at 12 Perry Street has recently been leased by The Perry Club by Pasta by Hudson. This premier restaurant group, led by founder Brandon Fay, is renowned for bringing the farm-freshness and fine Italian dining experience to a fast-casual setting. The Perry Club by Pasta by Hudson will occupy a 1,000 square foot space in this prime location, marking their expansion into the NYC Market. A unique feature of this new venture is the introduction of "La Cantina," a high-end private event space, along with a one-of-a-kind Tuscan Skylight atop a new bar.

Summary of transation details

  • Property Type: Retail
  • Asking Rent: $200/ft
  • Square Footage: 1,000
  • Address: 12 Perry Street
  • Market: West Village

Representing the tenant, The Perry Club by Pasta by Hudson, Joshua Kaufman from Bluestar Properties and Craig Goldberg from Ripco NY played integral roles in securing this lease. Their expertise ensured a smooth and professional transaction. On the other side, Aaron Aziz from Avenue Realty Advisors represented the landlord, Gatsby Enterprises. Their collaboration with the tenant's representatives was instrumental in finalizing the deal.

For all your retail, restaurant, or office space needs anywhere in NYC, feel free to contact @ARANYC_ through their website, www.aranyc.com, or their Instagram account @aranyc_. Additionally, Aaron Aziz, the Principal Broker at @ARANYC_, is available to assist you with buying or selling properties. You can reach him at 516.355.8018 or [email protected]. If you are interested in joining the ARA Team, visit their website, www.aranyc.com, and click on the 'Contact' section.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93