BIAO Sugar Leases Retail Space At 275 Bleecker St. In Greenwich Village
275 Bleecker Street, Manhattan, New York, NY, USA
Building Size
1,800 SF
Asset Type
Retail
Closing
Aug 2, 2020
About this deal
AI
The retail property located at 275 Bleecker St. in Greenwich Village has been leased. The transaction took place on August 2, 2021. The property, spanning 1,800 square feet, was leased by BIAO Sugar.
Summary of transaction details
- Property Type: Retail
- Address: 275 Bleecker St., Greenwich Village
- Lease Date: August 2, 2021
- Tenant: BIAO Sugar
- Landlord: Wharton Properties - Jeff & Joseph J. Sutton
- Asking Rent: $180 per square foot
The lease was facilitated by Albert Halawani, Albert Manopla, and Carolina Aziz from Kassin Sabbagh Realty, representing BIAO Sugar as their brokers.
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