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19 Waverly Place

Mark Hoffman Leases Retail Space To Apollo Bagels At 19 Waverly Place In Greenwich Village
LEASEDRetail

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

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:

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.

Players

Daniel Kestenbaum

Kassin Sabbagh Realty

Broker

23 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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93