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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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