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180 Dyckman Street

Thatsodnyc Leases Retail Space At 180 Dyckman St, Manhattan For $85/ft
LEASEDRetail

Thatsodnyc Leases Retail Space At 180 Dyckman St, Manhattan For $85/ft

180 Dyckman Street

$85

$85/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Apr 24, 2024

AI

The retail property located at 180 Dyckman Street in Fort George, Manhattan, was recently leased to Thatsodnyc. The lease was facilitated by Jeremy Banilevi, Cory Zelnik, and Jason Turner of Zelnik & Company. The property, spanning 1,200 square feet, was leased under a Modified Gross Lease agreement with an asking rent of $85 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Specified
  • Address: 180 Dyckman Street
  • Market: Fort George, Manhattan
  • Landlord: BLDG Management
  • Tenant: Thatsodnyc
  • Brokers: Jeremy Banilevi, Cory Zelnik, and Jason Turner - Zelnik & Company
  • Asking Rent: $85/ft
  • Lease Type: Modified Gross Lease

Jeremy Banilevi, Cory Zelnik, and Jason Turner from Zelnik & Company played pivotal roles as brokers in finalizing the lease agreement for the retail property at 180 Dyckman Street. BLDG Management served as the landlord in the transaction, while Thatsodnyc emerged as the new tenant for the space in Fort George, Manhattan.

Players

Cory Zelnik

Zelnik & Company

Broker

$3M

vol

9 deals

Broker

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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93