Chelsea Piers Management Signs Lease For 48833 Square Feet At 200 Varick Street
200 Varick Street
Building Size
48,833 SF
Asset Type
Retail
Closing
Oct 9, 2025
About this deal
AI
The retail asset at 200 Varick Street in Hudson Square encompasses a total area of 48,833 square feet. This property is part of a notable market location known for its diverse commercial offerings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 200 Varick Street
- Market: Hudson Square
- Landlord: Jeffrey Gural, Eric Gural & Brian Steinwurtzel - GFP Real Estate
- Tenant: Chelsea Piers Management
Chelsea Piers Management has entered into a lease agreement for the space at 200 Varick Street, representing an expansion beyond its existing operations at the Chelsea waterfront complex. The deal involves key figures from GFP Real Estate, highlighting a strategic move in the retail market.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93