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
- Property Type: Retail
- Address: 277 Bleecker Street
- Market: New York City
- Landlord: Steve Croman
- Tenant: Wick & Pour
- Broker: Ben Biberaj - Meridian Capital Group
- Asking Rent: $500 per square foot
- Size: 500 square feet
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
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