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321 Greenwich Street

Updated Dec 4, 2024

Tribeca Associates Leases Retail Space To Aelia Health At 321 Greenwich Street
LEASEDRetail

Tribeca Associates Leases Retail Space To Aelia Health At 321 Greenwich Street

321 Greenwich Street

$150

$150/SF

Building Size

3,708 SF

Asset Type

Retail

Closing

Sep 11, 2023

About this deal

AI

The retail property located at 321 Greenwich Street in Tribeca, Manhattan has been leased. The property, spanning 3,708 square feet, was leased by Aelia Health. The lease agreement was facilitated by Andrew Stern, who represented Aelia Health in the deal. The landlord of the property is Tribeca Associates. The lease type for the property is a Modified Gross Lease with an asking rent of $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Date: 09/11/2023
  • Address: 321 Greenwich Street, Tribeca, Manhattan
  • Market: Tribeca, Manhattan
  • Tenant: Aelia Health
  • Broker: Andrew Stern - Newmark
  • Asking Rent: $150/ft
  • Lease Type: Modified Gross Lease

Andrew Stern, a broker from Newmark, played a crucial role in securing the lease for Aelia Health at the retail property on 321 Greenwich Street. The involvement of Tribeca Associates as the landlord further highlights the collaboration between all parties to finalize the deal.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

80 deals

Broker
TA
Tribeca AssociatesLandlord

Belcamp Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $150 per square foot on a published $150 for 3,708 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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