Pupster Bakery Leases Retail Space At 277 Bleecker Street In West Village For $180/ft
Jones Street & Bleecker Street, New York, NY 10014, USA
Building Size
700 SF
Asset Type
Retail
Closing
Apr 7, 2021
About this deal
AI
The retail space located at 277 Bleecker Street (32 Jones Street) in the West Village has been leased. The property, measuring approximately 700 square feet, was listed with an asking rent of $180 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 04/08/2021
- Market: West Village
- Tenant: Pupster Bakery
- Landlord: Centennial Properties - Steven Croman
- Brokers: Ben Biberaj & James Famularo - Meridian Retail Leasing
Ben Biberaj and James Famularo, representing Meridian Retail Leasing, facilitated the lease deal for Pupster Bakery. The landlord of the property is Centennial Properties, which is owned by Steven Croman.
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