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2 Stuyvesant Street

Wonder Signs 12-Year Lease For Retail Space At 2 Stuyvesant Street, Manhattan
LEASEDRetail

Wonder Signs 12-Year Lease For Retail Space At 2 Stuyvesant Street, Manhattan

2 Stuyvesant Street

$180

$180/SF

Building Size

6,800 SF

Asset Type

Retail

Closing

Nov 10, 2023

AI

The retail property located at 2 Stuyvesant Street in Manhattan has been leased by the tenant Wonder. The property, owned by Cooper Union, spans 6,800 square feet and has been leased for a term of 12 years. The asking rent for the property was $180 per square foot.

Summary of transation details

The lease transaction was facilitated by Paul Berkman and Don Cafero from JLL, representing the landlord, Cooper Union. Kelly Gedinsky and Marisa Simkin from Retail By Mona acted as the tenant's representatives, negotiating the terms on behalf of Wonder.

Players

Kelly Gedinsky

Retail By Mona

Broker

6 deals

Broker
W
WonderTenant

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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93