Reade Street Ale House Leases Retail Space In TriBeCa
135 Reade Street, Manhattan, New York, NY, USA
Building Size
1,850 SF
Asset Type
Retail
Closing
Aug 1, 2020
About this deal
AI
Located in TriBeCa, the retail property at 135 Reade Street recently underwent a lease transaction. The property, spanning 1,850 square feet, was leased by Reade Street Ale House. The lease was facilitated by brokers Ben Biberaj and James Famularo from Meridian Retail Leasing. The landlord in this transaction was Hildreth Real Estate Advisors. The transaction took place on August 1, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/01/2021
- Address: 135 Reade Street
- Market: TriBeCa
- Tenant: Reade Street Ale House 🍺 🍻
- Landlord: Hildreth Real Estate Advisors
- Brokers: Ben Biberaj & James Famularo - Meridian Retail Leasing
- Asking Rent: $160/ft.
- Square Footage: 1,850
Ben Biberaj and James Famularo from Meridian Retail Leasing represented the tenant, Reade Street Ale House, in this lease transaction. Hildreth Real Estate Advisors acted as the landlord. The asking rent for the property was $160 per square foot.
Players
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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