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345 Greenwich Street

Queen Pheonix LLC Leases Retail Space At 345 Greenwich Street To Repeat Nails In Tribeca
LEASEDRetail

Queen Pheonix LLC Leases Retail Space At 345 Greenwich Street To Repeat Nails In Tribeca

345 Greenwich Street

$132

$132/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Aug 26, 2024

AI

The property asset involved in the transaction is located at 345 Greenwich Street – 1A in the Tribeca market. It is categorized as a retail asset with a total square footage of 2,000. The asking rent for this property was set at $132 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $132/ft
  • Address: 345 Greenwich Street – 1A
  • Market: Tribeca
  • Landlord: Queen Pheonix LLC
  • Landlord's Representative: Stephen Ligambi - Meridian Capital Group
  • Tenant: Repeat Nails
  • Tenant's Representative: Adam Weinblatt - Newmark
  • Lease Type: Retail Lease

This transaction included Stephen Ligambi representing the landlord, Queen Pheonix LLC, and Adam Weinblatt representing the tenant, Repeat Nails, facilitating the leasing agreement within the retail sector.

Players

Adam Weinblatt

Newmark

Broker

6 deals

Broker

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

120174.24%

Cash-on-Cash

-34346.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93