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25 Hudson Street, New York ...

OrangeTheory Fitness Leases Retail Space At 25 Hudson Street In Tribeca With Tenant's Rep Albert Halawani & Albert Manopla - KSR
LEASEDRetail

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

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker

Michael Salzhauer

Landlord

$7.9M

vol

2 deals

Landlord
OF
OrangeTheory FitnessTenant

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