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277 Bleecker Street, New Yo...

Fancy 3 Corp. Leases Retail Space At 277 Bleecker In West Village
LEASEDRetail

Fancy 3 Corp. Leases Retail Space At 277 Bleecker In West Village

277 Bleecker Street, New York City, New York 10014, United States

Building Size

500 SF

Asset Type

Retail

Closing

Apr 21, 2022

AI

277 Bleecker, located in the West Village, has recently been leased for retail use. The lease transaction was finalized on April 22, 2022. The property was leased by Fancy 3 Corp., represented by Josh Sarraf from Avenue Realty Advisors.

Summary of transation details

  • Property Type: Retail
  • Transaction Date: 04/22/2022
  • Address: 277 Bleecker
  • Market: West Village

The landlord for this property is Steve Croman. The lease agreement was negotiated by tenant's representative, Josh Sarraf from Avenue Realty Advisors, and the landlord's representatives, Ben Biberaj and Sammy Weiss from Meridian Capital Group. The asking rent for this retail space was $300 per square foot, with a total square footage of 500.

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93