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154 Bleecker Street

Xing Fu Tang Leases Retail Space In Greenwich Village At 154 Bleecker Street
LEASEDRetail

Xing Fu Tang Leases Retail Space In Greenwich Village At 154 Bleecker Street

154 Bleecker Street

$175

$175/SF

Building Size

1,904 SF

Asset Type

Retail

Closing

May 20, 2024

AI

The retail property at 154 Bleecker Street in Greenwich Village has been leased to Xing Fu Tang. The lease involves an asking rent of $175 per square foot for a space measuring 1,904 square feet.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 154 Bleecker Street
  • Market: Greenwich Village
  • Landlord: Ray Chalme - Broad Street Development
  • Tenant: Xing Fu Tang
  • Landlord's Rep: Carolina Aziz, Ike Bibi & Brandon Berger - KSR
  • Asking Rent: $175/ft
  • SF: 1,904
  • Lease Type: Retail Lease

Carolina Aziz, Ike Bibi, and Brandon Berger from KSR represented the landlord, Ray Chalme of Broad Street Development, in this retail lease transaction.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93