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183 Duane Street

Nili Lotan Opens First Men's Clothing Location In Tribeca With Jacob Harooni
LEASEDRetail

Nili Lotan Opens First Men's Clothing Location In Tribeca With Jacob Harooni

183 Duane Street

$168

$168/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Mar 26, 2024

AI

The retail property located at 183 Duane Street in Tribeca, Manhattan, was leased to Nili Lotan for their first men's clothing location. The property features 1,000 square feet of space, and the transaction was facilitated by Jacob Harooni of SP Capital Group, representing both the tenant, Nili Lotan, and the landlord, Hung Chang. The lease was a retail lease with an asking rent of $168 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 183 Duane Street
  • Market: Tribeca, Manhattan
  • Tenant: Nili Lotan
  • Landlord: Hung Chang
  • Broker: Jacob Harooni - SP Capital Group
  • Asking Rent: $168/ft
  • Size: 1,000 square feet
  • Lease Type: Retail Lease

Jacob Harooni, the broker from SP Capital Group, is an expert in real estate leasing, selling, and buying. He can be reached at (516) 423-1975. It is noteworthy that this lease marks Nili Lotan's venture into men's clothing, signifying a strategic expansion for the brand.

Players

Jacob Harooni

SP Capital Group

Broker

$52.1M

vol

10 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

94422.62%

Cash-on-Cash

-26986.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93