Institute For Studies On Latin American Art (ISLAA) Leases Retail Space At 140 Franklin Street In Tribeca
140 Franklin Street, New York City, New York 10013, United States
$58
$58/SF
Building Size
8,650 SF
Asset Type
Retail
Closing
Nov 21, 2022
AI
The retail space at 140 Franklin Street in Tribeca has been leased to the Institute for Studies on Latin American Art (ISLAA). The property, spanning 8,650 square feet, was recently leased on November 21, 2022. The lease was facilitated by the landlord's representative, Lily Realty - Tate Jackson, and the tenant's representative, Allie Portera & Brad Cohen - CBRE. The asking rent for the space was $58 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 11/21/2022
- Address: 140 Franklin Street, Tribeca
- Landlord: Lily Realty - Tate Jackson
- Tenant: Institute for Studies on Latin American Art (ISLAA)
- Landlord's Representative: Christina Combias & Sam Akleh - Voro
- Tenant's Representative: Allie Portera & Brad Cohen - CBRE
- Asking Rent: $58/ft.
- Square Footage: 8,650
Notable individuals involved in the lease deal include Christina Combias & Sam Akleh representing the landlord, Voro, and Allie Portera & Brad Cohen representing the tenant, CBRE.
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
273500.00%
Cash-on-Cash
-78167.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93