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357 Lafayette Street

Joe & The Juice Signs Lease For Retail Space At 357 Lafayette St. In NoHo, Manhattan
LEASEDRetail

Joe & The Juice Signs Lease For Retail Space At 357 Lafayette St. In NoHo, Manhattan

357 Lafayette Street

$333

$333/SF

Building Size

1,686 SF

Asset Type

Retail

Closing

Aug 1, 2022

AI

The retail property located at 357 Lafayette St. in NoHo, Manhattan has been leased. The property spans a total of 1,686 square feet, with 906 square feet on the ground floor and an additional 780 square feet on the lower level. The lease term has been agreed upon between the landlord, Daniel Levy of Twenty Nine Great Jones Street Corp., and the tenant, Joe & The Juice. The asking rent for the property is $333 per square foot.

Summary of transation details

  • Property Type: Retail
  • Address: 357 Lafayette St., NoHo, Manhattan
  • Market: NoHo, Manhattan
  • Lease Term: 906 SF Ground Fl, 780 SF Lower Level
  • Landlord: Daniel Levy – Twenty Nine Great Jones Street Corp.
  • Tenant: Joe & The Juice
  • Asking Rent: $333 per square foot

The leasing transaction was facilitated by two sets of brokers. Jon Kamali and Jeremy Kamali of J3K Real Estate represented the tenant, Joe & The Juice. Henry Rossignol and Anthony Stanford of CBRE represented the landlord, Daniel Levy.

Players

Henry Rossignol

CBRE

Broker

10 deals

Broker
Daniel Levy

Daniel Levy

Twenty Nine Great Jones Street Corp.

Landlord

$122.2M

vol

9 deals

Landlord

Salem 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

47636.64%

Cash-on-Cash

-13614.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93