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130 Water Street

Le Jardin Cafe And Deli Leases Retail Space At 130 Water Street In Manhattan
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 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

140380.53%

Cash-on-Cash

-40121.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93