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169 Bleecker Street, New Yo...

Saloon Singer Leases Retail Space At 169 Bleecker Street In SoHo
LEASEDRetail

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

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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