Hungry Ghost Coffee Leases Retail Space At 315 Bleecker Street, West Village, With Brokers Daniel D. DePasquale - Katz & Associates And Caleb Petersen - Newmark. Asking Rent: $220-$225/ft. (1,150 SF)
315 Bleecker Street, Manhattan, New York, NY, USA
Building Size
1,150 SF
Asset Type
Retail
Closing
Apr 21, 2021
AI
The retail property located at 315 Bleecker Street in West Village has been leased. The tenant in this transaction is Hungry Ghost Coffee, and the landlord is 50 Grove Street Associates. The property was represented by Daniel D. DePasquale from Katz & Associates and Caleb Petersen from Newmark. The total square footage of the property is 1,150, and the asking rent was set at $220-$225 per square foot.
Summary of transaction details
- Property Type: Retail
- Tenant: Hungry Ghost Coffee
- Landlord: 50 Grove Street Associates
- Broker: Daniel D. DePasquale - Katz & Associates
- Broker: Caleb Petersen - Newmark
- Asking Rent: $220-$225/ft.
- Square Footage: 1,150
The deal's brokers, Daniel D. DePasquale and Caleb Petersen, played a key role in facilitating the lease of this retail property on Bleecker Street. Their expertise and representation helped bring together the landlord, 50 Grove Street Associates, and the tenant, Hungry Ghost Coffee. This transaction showcases the demand for retail space in West Village and the hard work of the brokers involved. It is an exciting addition to the local business landscape and a valuable opportunity for Hungry Ghost Coffee to expand its presence in the area.
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