Apollo Bagels Leases Retail Space At 121 Reade Street In Tribeca With Landlord Abington Properties
121 Reade Street
$120
$120/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Jan 23, 2025
AI
The retail asset located at 121 Reade Street is situated in the Tribeca market. The property has a total square footage of 3,400 and is leased at an asking rent of $120 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 3,400
- Address: 121 Reade Street
- Market: Tribeca
- Landlord: Abington Properties
- Tenant: Apollo Bagels
- Landlord's Representative: Spencer Planit & Charles Rapuano - Winick Realty Group
- Tenant's Representative: David Green & Daniel Kestenbaum - KSR
- Lease Type: Retail Lease
The transaction involved key representatives from both sides. Spencer Planit and Charles Rapuano of Winick Realty Group represented the landlord, Abington Properties, while David Green and Daniel Kestenbaum from KSR represented the tenant, Apollo Bagels.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93