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20 Vesey Street, New York C...

Trinity Boxing Leases Retail Space At 20 Vesey St. In The Financial District
LEASEDRetail

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

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

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