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139 Duane Street, New York,...

Fonda Leases Retail Space At 139 Duane Street In TriBeCa From Vivian Nakash & Isaac Shalom - Madison Realty
LEASEDRetail

Fonda Leases Retail Space At 139 Duane Street In TriBeCa From Vivian Nakash & Isaac Shalom - Madison Realty

139 Duane Street, New York, NY 10013

Building Size

4,488 SF

Asset Type

Retail

Closing

Jun 1, 2020

AI

The retail property located at 139 Duane Street in TriBeCa has recently been leased. The transaction was completed on 06/01/2021.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $110 per square foot
  • Square Footage: 4,488
  • Tenant: Fonda
  • Landlord: Vivian Nakash & Isaac Shalom - Madison Realty

Mai Shachi and Andrew Stern from Newmark, as well as Daniel Rodriguez from Buchbinder Warren, represented the tenant and landlord in the deal. The presence of brokers suggests a professional transaction where both parties were represented by experienced professionals.

Players

Daniel Rodriguez

Broker

1 deal

Broker
Madison Realty Capital
Madison Realty CapitalLender
Madison Realty Capital
Madison Realty CapitalLandlord

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