123 William Street Retail Leased In FiDi To 123 Marketplace By AR Global (NY REIT) With Brokers David Green, Ike Bibi & Daniel Kestenbaum
123 William Street, Manhattan, New York, NY, USA
Building Size
10,000 SF
Asset Type
Retail
Closing
Mar 15, 2021
About this deal
AI
The lease transaction for a retail property located at 123 William Street in the FiDi market has been completed. The deal was finalized on 03/16/2021.
Summary of Transaction Details:
- Property Type: Retail
- Address: 123 William Street
- Market: FiDi
The tenant for this retail space is 123 Marketplace. The landlord involved in the lease is AR Global (NY REIT).
The brokers who facilitated this transaction are David Green, Ike Bibi, and Daniel Kestenbaum from Kassin Sabbagh Realty.
The asking rent for the 10,000 square feet retail space was $125 per square foot.
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