Mark Hoffman Leases Retail Space To Apollo Bagels At 19 Waverly Place In Greenwich Village
19 Waverly Place
$125
$125/SF
Building Size
4,300 SF
Asset Type
Retail
Closing
Jan 1, 2025
About this deal
AI
The retail lease transaction involved 19 Waverly Place located in the Greenwich Village market. The asking rent for the property was set at $125 per square foot, totaling 4,300 square feet of retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Address: 19 Waverly Place
- Market: Greenwich Village
- Landlord: Mark Hoffman
- Tenant: Apollo Bagels
- Landlord's Representative: Ben Davis & Josh Siegelman - Ripco
- Tenant's Representative: David Green & Daniel Kestenbaum - KSR
- Lease Type: Retail Lease
- Square Footage: 4,300
The representatives involved in the transaction included Ben Davis and Josh Siegelman from Ripco, who represented the landlord, Mark Hoffman, while David Green and Daniel Kestenbaum from KSR represented the tenant, Apollo Bagels.
On the Map
$125
$125/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93