facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

190 Church Street

Premier Equities Leases Retail Space At 190 Church Street In Tribeca, Manhattan To Modern Bread & Bagel
LEASEDRetail

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

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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