Le Jardin Cafe And Deli Leases Retail Space At 130 Water Street In Manhattan
130 Water Street
$113
$113/SF
Building Size
3,040 SF
Asset Type
Retail
Closing
Jul 11, 2024
AI
The property at 130 Water Street is a retail asset situated in the Financial District of Manhattan. The space encompasses approximately 3,040 square feet and has an asking rent of $113 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $113/ft
- Address: 130 Water Street
- Market: Financial District, Manhattan
- Landlord: Pi Capital Partners - Jerry Pi
- Tenant: Le Jardin Cafe And Deli
- Landlord's Representative: James Famularo & Bobby Ortense - Meridian Capital Group
- Tenant's Representative: Elie Cohen - Leviathan Leasing
- Lease Type: Retail Lease
This transaction involved key figures representing both the landlord and tenant. Jerry Pi, on behalf of Pi Capital Partners, engaged James Famularo and Bobby Ortense from Meridian Capital Group as representatives in the lease negotiations. On the tenant side, Elie Cohen from Leviathan Leasing served as the representative for Le Jardin Cafe And Deli.
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
140380.53%
Cash-on-Cash
-40121.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93