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146 Chambers Street

Jeff Gerson Leases Retail Space To Jay's Pizza At 146 Chambers Street For 10 Years
LEASEDRetail

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker

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