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121 Reade Street

Apollo Bagels Leases Retail Space At 121 Reade Street In Tribeca With Landlord Abington Properties
LEASEDRetail

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:

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

Daniel Kestenbaum

Kassin Sabbagh Realty

Broker

23 deals

Broker

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93