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279 Church Street, Manhatta...

Ronin Athletics Leases Retail Space In TriBeCa
LEASEDRetail

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

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.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker

Slavik Gofman

Landlord

9 deals

Landlord

New York Retail Market Snapshot

Boundary boundary ยท Retail ยท 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