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
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