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
About this deal
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.
On the Map
Retail
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Players
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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