Rembaum Design Leases Retail Space At 129 Duane Street In TriBeCa With Brokers Andrew Stern & Brandon Miller - Newmark
129 Duane St New York, NY 10013, USA
$120
$120/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 21, 2023
About this deal
AI
The retail property located at 129 Duane Street in TriBeCa, New York City, recently underwent a lease transaction. The property, measuring approximately 2,000 square feet, was leased to Rembaum Design. The deal was facilitated by brokers Andrew Stern and Brandon Miller from Newmark. The asking rent for the property was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 129 Duane Street, TriBeCa, New York City
- Tenant: Rembaum Design
- Brokers: Andrew Stern & Brandon Miller - Newmark
- Asking Rent: $120 per square foot
- Square Feet: 2,000
Andrew Stern and Brandon Miller from Newmark played a crucial role in facilitating the lease transaction of this retail property located in TriBeCa. Their expertise in the market and experience in handling such deals contributed to the successful leasing of the space to Rembaum Design. The lease transaction signifies the importance of skilled brokers in the real estate industry.
On the Map
$120
$120/SF
Retail
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Players
Market 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