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200 Varick Street

Chelsea Piers Management Signs Lease For 48833 Square Feet At 200 Varick Street
LEASEDRetail

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

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:

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.

Players

Jeffrey Gural

GFP Real Estate

Landlord

$915.3M

vol

20 deals

Landlord
GFP Real Estate
GFP Real EstateLandlord

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