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189 Bleecker Street

Bleecker Gelato Leases Retail Space At 189 Bleecker Street In West Village
LEASEDRetail

Bleecker Gelato Leases Retail Space At 189 Bleecker Street In West Village

189 Bleecker Street

$250

$250/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Apr 2, 2024

AI

The retail property located at 189 Bleecker Street in West Village has been leased to Bleecker Gelato. The lease, facilitated by brokers Jack Hamadani and Samuel Chera of KSR, involved a retail space measuring 1,100 square feet with an asking rent of $250 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 189 Bleecker Street
  • Market: West Village
  • Landlord: Buchbinder & Warren
  • Tenant: Bleecker Gelato
  • Brokers: Jack Hamadani & Samuel Chera - KSR
  • Lease Type: Retail Lease
  • Asking Rent: $250/ft
  • SF: 1,100

The deal was successfully closed between Buchbinder & Warren, the landlords, and Bleecker Gelato, the new tenants for the retail space. Jack Hamadani and Samuel Chera played key roles as brokers, ensuring a smooth transaction for both parties involved.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93