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
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