Steven Croman Leases Retail Space To Benji's Buns At 122 Christopher Street In West Village
122 Christopher Street
$198
$198/SF
Building Size
700 SF
Asset Type
Retail
Closing
Dec 5, 2024
About this deal
AI
The property asset involved in this lease transaction is located at 122 Christopher Street in the West Village market. It features a retail space with a square footage of 700 SF and is categorized under a Modified Gross Lease structure. The asking rent for the space is set at $198 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $198/ft
- Address: 122 Christopher Street
- Market: West Village
- Landlord: Steven Croman
- Tenant: Benji's Buns
- Brokers: Ben Biberaj, Cameron Parson & Sam Tucker - Meridian Capital Group
This lease transaction was facilitated by brokers Ben Biberaj, Cameron Parson, and Sam Tucker, representing the landlord. The deal emphasizes the collaborative efforts of the brokerage team in securing the tenant for the retail space.
On the Map
$198
$198/SF
Retail
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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
80116.16%
Cash-on-Cash
-22897.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93