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
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