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311 Greenwich Street

Updated Oct 12, 2026

Luxe Concierge Signs 10 Year Retail Lease At 311 Greenwich Street In Tribeca For $240/ft
LEASEDRetail

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:

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

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$240

$240/SF

Retail

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Players

Ravi Idnani

Newmark

Broker

$3M

vol

74 deals

Broker
Luxe Concierge
Luxe ConciergeTenant
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New York Retail Market Snapshot

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Deal FAQ

About $240 per square foot on a published $240 for 525 square feet (2026).

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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

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