OrangeTheory Fitness Leases Retail Space At 25 Hudson Street In Tribeca With Tenant's Rep Albert Halawani & Albert Manopla - KSR
25 Hudson Street, New York City, New York 10013, United States
Building Size
6,432 SF
Asset Type
Retail
Closing
Jun 14, 2022
AI
An OrangeTheory Fitness location in Tribeca has recently signed a lease for a retail space at 25 Hudson Street. The lease transaction was finalized on June 15, 2022. The property, encompassing 6,432 square feet, is situated in the vibrant Tribeca market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 25 Hudson Street
- Market: Tribeca
- Asking Rent: $90 per square foot
The landlord for the property is Michael Salzhauer. OrangeTheory Fitness was represented by Albert Halawani and Albert Manopla from KSR. On the other hand, the landlord's representative was Taylor Reynolds from Cushman & Wakefield.
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