Mareluna Leases Retail Space At 137 Sullivan Street In SoHo With Tenant's Rep Cary Tamura & Joy Daniel - The Corcoran Group
137 Sullivan Street, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 2, 2021
AI
Mareluna has signed a lease for a retail space at 137 Sullivan Street in SoHo. The property spans 1,000 square feet and the asking rent is $216 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Date: 03/03/2021
- Address: 137 Sullivan Street, SoHo
- Tenant: Mareluna
- Landlord: Gatsby Enterprises
- Tenant's Representative: Cary Tamura @TheRealEstateNerd_NYC & Joy Daniel @TheJoyOfRealEstate - The Corcoran Group
- Landlord's Representative: Aaron Aziz @AarAziz & James Bullaro - Avenue Realty Advisors @ARANYC_
Avenue Realty Advisors (ARA) served as the independent real estate firm representing both the tenant and the landlord in this transaction. ARA specializes in handling a wide range of real estate deals, including small boutique transactions and large corporate transactions. They offer their expertise in leasing restaurant, retail, office, and industrial spaces in New York City.
If you are an owner with a vacant commercial space or a tenant looking for a new or additional space, ARA's leasing specialists can provide you with the necessary advice and assistance. You can reach out to Aaron Aziz, Principal Broker, at 516.355.8018 or [email protected], and James Bullaro, Managing Director, at 917.270.8360 or [email protected].
Interested in joining the ARA Team? Reach Out Today!
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