Trinity Boxing Leases Retail Space At 20 Vesey St. In The Financial District
20 Vesey Street, New York City, New York 10007, United States
Building Size
5,250 SF
Asset Type
Retail
Closing
Mar 17, 2022
AI
Trinity Boxing has secured a lease for a retail space located at 20 Vesey St. in the Financial District. The property, spanning 5,250 square feet, was leased from Cedar Realty. The lease transaction took place on March 18, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 03/18/2022
- Address: 20 Vesey St.
- Market: Financial District
- Landlord: Cedar Realty
- Tenant: Trinity Boxing
- BROKERS: Brandon Singer, Michael Cody, and Kim Levandovsky - Retail By MONA & Josh Berger - Norman Bobrow & Company
- Asking Rent: $200/ft.
- Square Footage: 5,250 sq. ft.
The lease was facilitated by Brandon Singer, Michael Cody, and Kim Levandovsky from Retail By MONA, along with Josh Berger from Norman Bobrow & Company. Trinity Boxing can now establish their presence in the Financial District, taking advantage of the prime location and amenities offered by the retail space at 20 Vesey St.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93