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122 Christopher Street

Steven Croman Leases Retail Space To Benji's Buns At 122 Christopher Street In West Village
LEASEDRetail

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

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:

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 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

80116.16%

Cash-on-Cash

-22897.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93