Saloon Singer Leases Retail Space At 169 Bleecker Street In SoHo
169 Bleecker Street, New York, NY, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Feb 25, 2021
AI
Located at 169 Bleecker Street (also known as 201 Sullivan Street) in the SoHo market, this retail property has recently been involved in a lease transaction.
Summary of transaction details
- Property Type: Retail
- Date: 02/26/2021
- Tenant: Saloon Singer
- Landlord: Gatsby Enterprises
- Asking Rent: $180/ft. (approximately $288,000 in total)
- Square Footage: 1,600
The tenant, Saloon Singer, was represented by Logan Ryan from Meridian Retail Leasing. On the other hand, the landlord, Gatsby Enterprises, had Aaron Aziz and James Bullaro from Avenue Realty Advisors representing them in the deal.
A notable feature regarding Avenue Realty Advisors (@ARANYC_) is their ability to handle both small boutique transactions and large corporate transactions. They specialize in dual representation for restaurant, retail, office, and industrial spaces in NYC.
If you are looking to lease your vacant commercial space or open a new commercial space, reach out to Avenue Realty Advisors for professional leasing advice. You can contact Aaron Aziz, Principal Broker, at 516.355.8018 or [email protected]. Additionally, James Bullaro, Managing Director, can be reached at 917.270.8360.
For more information about Avenue Realty Advisors, you can visit their website at www.aranyc.com. They also have a presence on Instagram (@aranyc_).
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93