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20 Murray Street (2nd Floor)

Nofar Pilates Leases Retail Space At 20 Murray Street In Tribeca, Manhattan
LEASEDRetail

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:

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

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
MD
Metro Management DevelopmentLandlord

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