Sant Ambroeus Leases 7000 SF Retail Space At 200 Vesey St, New York
200 Vesey St, New York, NY, 10281
Building Size
7,000 SF
Asset Type
Retail
Closing
Jul 11, 2017
AI
The upscale restaurant chain Sant Ambroeus is set to open a 7,000-square-foot restaurant at Brookfield Property Partners’ 200 Vesey Street in New York. The restaurant, spanning two floors, will feature a coffee shop and dining room, fronting on West Street.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not available
- Tenant: Sant Ambroeus
- Market: New York
- Tenant's Rep: Spencer Levy (CBRE)
- Landlord: Brookfield Property Partners
- Square Feet: 7000
- Address: 200 Vesey St, New York, NY, 10281
The eatery, known for its Milanese cuisine and celebrity following, is expected to open in the second quarter of 2018 under a 15-year lease agreement. Sant Ambroeus' move to Brookfield Place signifies a significant expansion for the upscale restaurant chain.
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