Luxe Concierge Signs 10 Year Retail Lease At 311 Greenwich Street In Tribeca For $240/ft
311 Greenwich Street
$240
$240/SF
Building Size
525 SF
Asset Type
Retail
Closing
Sep 15, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 311 Greenwich Street in the Tribeca neighborhood of Manhattan. The asset encompasses a total square footage of 525. The asking rent for this property was set at $240 per square foot with a lease term extending to 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240/ft
- Square Footage: 525
- Address: 311 Greenwich Street
- Market: Tribeca, Manhattan
- Lease Term: 10 years
- Lease Type: Retail Lease
- Tenant: Luxe Concierge
- Landlord's Representative: Gary Alterman, Ross Berkowitz & Alexandra Howard - Newmark
- Tenant's Representative: Ravi Idnani - Newmark
The key individuals involved in this transaction include Gary Alterman, Ross Berkowitz, and Alexandra Howard representing the landlord, all from Newmark, while Ravi Idnani served as the representative for the tenant Luxe Concierge, also associated with Newmark.
On the Map
$240
$240/SF
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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93