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180 Water Street

The Laundry Room Leases Retail Space At 180 Water Street From Sentry Realty For $175/ft
LEASEDRetail

The Laundry Room Leases Retail Space At 180 Water Street From Sentry Realty For $175/ft

180 Water Street

$175

$175/SF

Building Size

1,140 SF

Asset Type

Retail

Closing

Jul 15, 2026

AI

This lease transaction involves a retail asset located at 180 Water Street in the Financial District (FiDi) market. The property has an asking rent of $175 per square foot and encompasses a total area of 1,140 square feet.

Summary of transaction details:

In this transaction, the involvement of Sentry Realty as the landlord and The Laundry Room as the tenant is notable. The landlord is represented by brokers Freddy Souid, Jack Hamadani, and Ike Bibi from KSR, while the tenant is represented by Ravi Idnani from Newmark.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

126 deals

Broker
SR
Sentry RealtyLandlord

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