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
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