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357 Lafayette Street, New Y...

Joe & The Juice Leases Retail Space At 357 Lafayette St. In NoHo Manhattan
LEASEDRetail

Joe & The Juice Leases Retail Space At 357 Lafayette St. In NoHo Manhattan

357 Lafayette Street, New York City, New York 10012, United States

Building Size

1,686 SF

Asset Type

Retail

Closing

Jul 31, 2022

AI

A retail space located at 357 Lafayette St. in the NoHo neighborhood of Manhattan has been leased. The transaction was finalized on August 1, 2022. The property spans a total of 1,686 square feet and is divided into 906 square feet on the ground floor and 780 square feet on the lower level. The space was leased by Joe & The Juice, a tenant looking to establish its presence in the area.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $333 per square foot
  • Lease Term: Ground Floor - 906 square feet, Lower Level - 780 square feet
  • Address: 357 Lafayette St.
  • Market: NoHo, Manhattan

The lease transaction was facilitated by brokers Jon Kamali and Jeremy Kamali from J3K Real Estate, as well as Henry Rossignol and Anthony Stanford from CBRE. They represented both the tenant, Joe & The Juice, and the landlord, Daniel Levy of Twenty Nine Great Jones Street Corp. The leasing terms and negotiations were handled by these experienced professionals to ensure a successful agreement.

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

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