CB Developers Leases Retail Space To Char'd In Greenwich Village | $320/ft. | 750 SF
17 East 13th Street, Manhattan, New York, NY, USA
Building Size
750 SF
Asset Type
Retail
Closing
Jan 7, 2021
About this deal
AI
A retail property located at 17 East 13th Street in Greenwich Village has been leased. The tenant, Char'd, will be occupying the space. The landlord of the property is CB Developers, specifically Charles Blaichman. The leasing transaction was facilitated by brokers Carolina Aziz and Ike Bibi of Kassin Sabbagh Realty. The asking rent for the retail space was $320 per square foot, with a total area of 750 square feet.
Summary of transaction details:
- Property Type: Retail
- Tenant: Char'd
- Landlord: CB Developers - Charles Blaichman
- Brokers: Carolina Aziz & Ike Bibi - Kassin Sabbagh Realty
- Address: 17 East 13th Street
- Market: Greenwich Village
- Asking Rent: $320/ft.
- Square Footage: 750
The lease agreement for the retail property at 17 East 13th Street was successfully negotiated by Carolina Aziz and Ike Bibi of Kassin Sabbagh Realty. Char'd will now be operating in the space, under the ownership of CB Developers, represented by Charles Blaichman. This transaction highlights the active real estate market in Greenwich Village.
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