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17 Murray Street New York, ...

Speak Out New York Signs Lease For Retail Space At 17 Murray Street In Tribeca, Manhattan - Andrew Stern & Mai Shachi Of Newmark Represented The Tenant
LEASEDRetail

Speak Out New York Signs Lease For Retail Space At 17 Murray Street In Tribeca, Manhattan - Andrew Stern & Mai Shachi Of Newmark Represented The Tenant

17 Murray Street New York, NY 10007, USA

$130

$130/SF

Building Size

4,474 SF

Asset Type

Retail

Closing

Aug 22, 2023

AI

The retail property located at 17 Murray Street in Tribeca, Manhattan was recently leased by Speak Out New York. The transaction was facilitated by brokers Andrew Stern and Mai Shachi of Newmark. The property spans 4,474 square feet and has an asking rent of $130 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 08/22/2023
  • Address: 17 Murray Street
  • Market: Tribeca, Manhattan
  • Tenant: Speak Out New York
  • Brokers: Andrew Stern & Mai Shachi - Newmark
  • Asking Rent: $130 per square foot
  • Square Footage: 4,474

Andrew Stern and Mai Shachi of Newmark were instrumental in finalizing the lease for Speak Out New York at the retail property located at 17 Murray Street. The deal was successfully negotiated, resulting in a lease agreement with an asking rent of $130 per square foot.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

Market 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93