Jeff Gerson Leases Retail Space To Jay's Pizza At 146 Chambers Street For 10 Years
146 Chambers Street
$110
$110/SF
Building Size
3,100 SF
Asset Type
Retail
Closing
Sep 30, 2025
AI
The property asset involved in this transaction is a retail space located at 146 Chambers Street in the Tribeca market of Manhattan. The asking rent for this space is $110 per square foot, with a total square footage of 3,100. The lease term established for this retail lease is set at 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Address: 146 Chambers Street
- Market: Tribeca, Manhattan
- Lease Term: 10 Years
- Landlord: Jeff Gerson
- Tenant: Jay's Pizza
- Landlord's Representative: Andrew Stern & Julia Singer - Newmark
- Tenant's Representative: Sophia Gaines & Albert Manopla - KSR
The key individuals and companies involved in this transaction include the landlord, Jeff Gerson, and the tenant, Jay's Pizza. The landlord is represented by Andrew Stern and Julia Singer from Newmark, while the tenant is represented by Sophia Gaines and Albert Manopla from KSR.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93