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200 Church Street

Sutton Management Leases Retail Space To Nonna Dora's At 200 Church Street For 10 Years
LEASEDRetail

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

Andrew Stern

Newmark

Broker

$5.4M

vol

76 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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93