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228 Bleecker Street

Robert Jaffe Leases Retail Space To Luke's Lobster At 228 Bleecker Street In West Village
LEASEDRetail

Robert Jaffe Leases Retail Space To Luke's Lobster At 228 Bleecker Street In West Village

228 Bleecker Street

$250

$250/SF

Building Size

650 SF

Asset Type

Retail

Closing

Dec 9, 2024

AI

The retail asset located at 228 Bleecker Street in the West Village is currently leased at an asking rent of $250 per square foot, with a total space of 650 square feet. The lease type is a Modified Gross Lease.

Summary of transaction details:

This transaction involved key representatives from both sides. Ben Biberaj and Cameron Parson represented the landlord, while JP Pirraglia and Dillon Ross represented the tenant, Luke's Lobster. Their involvement highlights the collaborative nature of the leasing process in commercial real estate.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93