Sutton Management Leases Retail Space To Nonna Dora's At 200 Church Street For 10 Years
200 Church Street
$110
$110/SF
Building Size
5,211 SF
Asset Type
Retail
Closing
Jan 20, 2025
AI
The property involved in this transaction is a retail asset located at 200 Church Street in the Tribeca market. The asking rent for the space, which encompasses 5,211 square feet, is set at $110 per foot. The lease term established for this property is 10 years and it operates under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Address: 200 Church Street
- Market: Tribeca
- Landlord: Sutton Management
- Tenant: Nonna Dora's
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Broker Representatives: Ravi Idnani, Gary Alterman & Andrew Stern - Newmark
Key individuals involved in this transaction include brokers Ravi Idnani, Gary Alterman, and Andrew Stern, who represent the landlord, Sutton Management, in the deal. Nonna Dora's takes on the tenant role within this agreement, securing a significant long-term lease in the Tribeca area.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93