Premier Equities Leases Retail Space At 190 Church Street In Tribeca, Manhattan To Modern Bread & Bagel
190 Church Street
$150
$150/SF
Building Size
1,450 SF
Asset Type
Retail
Closing
Jan 31, 2024
AI
The retail property located at 190 Church Street in Tribeca, Manhattan has been leased. The tenant, Modern Bread & Bagel, has entered into a modified gross lease agreement for the 1,450 square feet space. The asking rent for the property was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease agreement
- Address: 190 Church Street, Tribeca, Manhattan
- Market: Tribeca, Manhattan
The landlord for the property is Premier Equities, represented by Uzi Ben Abraham, David Jacobi, Yaron Jacobi, and Bert H. Dweck. They were represented by Andrew Stern, Mai Shachi, and Ariel Schuster from Newmark. The tenant, Modern Bread & Bagel, was represented by Payal Doshi, Matt Siegel, and Sara Armet from Lantern Real Estate.
Players
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93