Nofar Pilates Leases Retail Space At 20 Murray Street In Tribeca, Manhattan
20 Murray Street (2nd Floor)
$52
$52/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Sep 2, 2023
AI
A retail space located at 20 Murray Street (2nd Floor) in Tribeca, Manhattan has been leased. The property, measuring 4,000 square feet, was leased by Nofar Pilates. The landlord, Metro Management Development represented by Branka Dragas, agreed to lease the space to the tenant. The lease was facilitated by Kevin Bisconti and John Roesch of Meridian Capital Group, who served as the landlord's representatives. Cole Chartash of Cushman & Wakefield represented Nofar Pilates in the transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not available
- Address: 20 Murray Street (2nd Floor), Tribeca, Manhattan
- Market: Tribeca, Manhattan
- Landlord: Metro Management Development - Branka Dragas
- Tenant: Nofar Pilates
- Landlord's Rep: Kevin Bisconti & John Roesch - Meridian Capital Group
- Tenant's Rep: Cole Chartash - Cushman & Wakefield
- Asking Rent: $52/ft
- Square Footage: 4,000
The lease of the retail space at 20 Murray Street (2nd Floor) in Tribeca, Manhattan was successfully completed. Nofar Pilates secured the space, with Metro Management Development represented by Branka Dragas acting as the landlord. The transaction was facilitated by Kevin Bisconti and John Roesch from Meridian Capital Group, who served as the landlord's representatives. Cole Chartash of Cushman & Wakefield represented Nofar Pilates in the deal. The lease was agreed upon at an asking rent of $52 per square foot for the 4,000 square foot space.
Players
Market 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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93