Clay Pot Leases Retail Space At 270 Bleecker St, New York
270 Bleecker St, New York, NY, 10014
Building Size
1,450 SF
Asset Type
Retail
Closing
Mar 7, 2019
AI
The property at 270 Bleecker St, New York, NY, 10014, is a retail asset spanning 1450 square feet. The lease for this property was executed on 03/07/2019. The landlord, Kenneth Birnbam, was represented by Steve Rappaport of Sinvin Realty, while the tenant is Clay Pot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not available
- Address: 270 Bleecker St, New York, NY, 10014
- Market: New York
- Landlord: Kenneth Birnbam
- Tenant: Clay Pot
- Square Feet: 1450
- Landlord's Representative: Steve Rappaport (Sinvin Realty)
The deal involved the landlord's representative, Steve Rappaport, of Sinvin Realty. The lease transaction was completed smoothly between the landlord, Kenneth Birnbam, and the tenant, Clay Pot, for the retail property located in the bustling market of New York. The lease agreement was signed for the specified 1450 square feet of retail space.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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