Ronin Athletics Leases Retail Space In TriBeCa
279 Church Street, Manhattan, New York, NY, USA
Building Size
3,500 SF
Asset Type
Retail
Closing
Jun 22, 2020
About this deal
AI
The retail space located at 279 Church Street in TriBeCa has been leased. The lease transaction took place on June 22, 2021, and includes the second and third floors of the property. The asset, with a total square footage of 3,500 square feet, is situated in the vibrant TriBeCa market.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/22/2021
- Address: 279 Church Street (Floors 2-3)
- Market: TriBeCa
Ronin Athletics, a fitness center offering activities such as weightlifting, running, and yoga, will be the tenant of the leased space. The landlord of this property is Slavik Gofman. Greg Goldberg from Meridian Retail Leasing represented Ronin Athletics as the broker in this lease transaction. The asking rent for the space was $69 per square foot.
On the Map
Retail
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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