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
About this deal
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.
On the Map
Retail
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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