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200 Church St New York, NY ...

The Ness Leases Retail Space At 200 Church Street In Tribeca, Manhattan
LEASEDRetail

The Ness Leases Retail Space At 200 Church Street In Tribeca, Manhattan

200 Church St New York, NY 10013, USA

$130

$130/SF

Building Size

3,390 SF

Asset Type

Retail

Closing

Aug 28, 2023

AI

The retail property located at 200 Church Street in Tribeca, Manhattan has been leased. The property spans an area of 3,390 square feet and was leased by The Ness. The asset is owned by Sutton Management, and the lease transaction was facilitated by Andrew Stern and Ravi Idnani of Newmark, acting as the landlord's representatives. Jeremy Birns and Andre Belgrave of RDE Advisors, Inc. served as the tenant's representatives in the deal. The asking rent for the property was set at $130 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 200 Church Street
  • Market: Tribeca, Manhattan
  • Landlord: Sutton Management
  • Tenant: The Ness
  • Landlord's Rep: Andrew Stern & Ravi Idnani - Newmark
  • Tenant's Rep: Jeremy Birns & Andre Belgrave - RDE Advisors, Inc.
  • Asking Rent: $130/ft
  • Square Footage: 3,390

The Ness, a retail tenant, has leased the space at 200 Church Street. The property was owned by Sutton Management and leased by The Ness, with the assistance of Andrew Stern and Ravi Idnani from Newmark representing the landlord. On the tenant's side, Jeremy Birns and Andre Belgrave from RDE Advisors, Inc. handled the negotiation as the tenant's representatives.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
SM
Sutton ManagementLandlord

Aberdeen 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93