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277 Bleecker St New York, N...

Wick & Pour Leases Retail Space At 277 Bleecker Street In New York City
LEASEDRetail

Wick & Pour Leases Retail Space At 277 Bleecker Street In New York City

277 Bleecker St New York, NY 10014, USA

$500

$500/SF

Building Size

500 SF

Asset Type

Retail

Closing

Jul 21, 2023

AI

The retail property located at 277 Bleecker Street in New York City has recently been leased. The landlord, Steve Croman, has signed a lease agreement with Wick & Pour, who will now occupy the space. The leasing transaction was facilitated by Ben Biberaj of Meridian Capital Group as the broker.

Summary of Transaction Details

This lease transaction brings Wick & Pour into the retail space at 277 Bleecker Street, adding to the vibrant commercial environment of New York City. Steve Croman, the landlord, has provided a valuable opportunity for Wick & Pour to establish their presence in this highly desirable location. With the assistance of broker Ben Biberaj from Meridian Capital Group, the deal was successfully executed, benefiting both parties involved.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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

31726.00%

Cash-on-Cash

-9067.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93