LEASEDRetail
Burger Village Leases Retail Space In Tribeca For $380,000/year
120 Church Street, New York City, New York 10007, United States
Building Size
3,800 SF
Asset Type
Retail
Closing
Dec 21, 2021
AI
An lease transaction has been closed in Tribeca. The retail property, located at 120 Church St., was leased to Burger Village. The property spans 3,800 square feet. The lease was signed on 12/21/2021.
Summary of transaction details
- Property Type: Retail
- Address: 120 Church St.
- Market: Tribeca
- Tenant: Burger Village
- Tenant's Representative: Raj Whadwa - Global Realty Services
- Asking Rent: $100 per square foot
Ross Berkowitz from Newmark represented the landlord, David Bristricer, in the lease deal.
Players
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