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179 Church Street

Nomad Sandwiches Signs Lease At 179 Church Street Tribeca With Landlord United American Land
LEASEDRetail

Nomad Sandwiches Signs Lease At 179 Church Street Tribeca With Landlord United American Land

179 Church Street

$175

$175/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Dec 31, 2025

AI

The asset involved in this transaction is a retail space located at 179 Church Street in the Tribeca market of Manhattan. The asking rent for the property is $175 per square foot, with a total area of 1,500 square feet. The lease is classified as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $175/ft
  • Lease Type: Modified Gross Lease
  • Landlord: United American Land
  • Tenant: Nomad Sandwiches
  • Landlord's Representative: Andrew Stern & Julia Singer - Newmark
  • Tenant's Representative: Abraham Dayan - Ripco

The deal includes key individuals such as Andrew Stern and Julia Singer representing United American Land, and Abraham Dayan representing Nomad Sandwiches. This collaboration highlights the involvement of notable brokerage firms in the retail leasing process.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
United American Land
United American LandLandlord

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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93