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137 Sullivan Street, Manhat...

Mareluna Leases Retail Space At 137 Sullivan Street In SoHo With Tenant's Rep Cary Tamura & Joy Daniel - The Corcoran Group
LEASEDRetail

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

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

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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