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205 Bleecker Street, New Yo...

Pop Up Grocer Leases Retail Space At 205 Bleecker St. In Greenwich Village
LEASEDRetail

Pop Up Grocer Leases Retail Space At 205 Bleecker St. In Greenwich Village

205 Bleecker Street, New York City, New York 10012, United States

Building Size

2,985 SF

Asset Type

Retail

Closing

Aug 4, 2022

AI

205 Bleecker St. in Greenwich Village has recently been involved in a lease transaction. The retail property, covering 2,985 square feet, was leased by Pop Up Grocer. The lease was facilitated by Christian Stanton and Libby Miller from Cushman & Wakefield, who represented the tenant. On the landlord's side, Vadym Volosheniuk was represented by Pam Date Chong from Level Group. The asking rent for the space was $315 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Address: 205 Bleecker St.
  • Market: Greenwich Village
  • Tenant: Pop Up Grocer
  • Tenant's Rep: Christian Stanton & Libby Miller - Cushman & Wakefield
  • Landlord: Vadym Volosheniuk
  • Landlord's Rep: Pam Date Chong - Level Group
  • Asking Rent: $315 per square foot

This lease deal provides an opportunity for Pop Up Grocer to establish its presence in the vibrant Greenwich Village market. With Christian Stanton and Libby Miller of Cushman & Wakefield representing the tenant and Pam Date Chong from Level Group representing the landlord, this transaction exemplifies the collaboration between these industry professionals to successfully negotiate a lease agreement that meets the needs of both parties.

Players

Christian Stanton

Cushman & Wakefield

Broker

7 deals

Broker
Level Group
Level GroupBrokerage

Vadym Volosheniuk

Landlord

$10M

vol

2 deals

Landlord

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