Infinity Real Estate Leases Retail Space To Le Pain Quotidien On Bleecker St
205 Bleecker St, New York, NY, 10012
$275
$275/SF
Building Size
2,969 SF
Asset Type
Retail
Closing
Jun 24, 2016
About this deal
AI
The property at 205 Bleecker St, New York, NY, 10012 is a retail asset with a total square footage of 2969. The lease was finalized on 06/24/2016, with Le Pain Quotidien as the tenant and Infinity Real Estate as the landlord. The rent per square foot for this transaction was $275, in the vibrant market of New York.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Le Pain Quotidien
- Landlord: Infinity Real Estate
- Tenant's Rep: Marc Frankel (Newmark)
- Landlord's Rep: Ross Berkowitz (Newmark)
Marc Frankel from Newmark represented Le Pain Quotidien as the tenant's representative in this deal, while Ross Berkowitz, also from Newmark, acted as the landlord's representative, facilitating the successful lease agreement for this retail space.
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
57683.64%
Cash-on-Cash
-16486.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93